Lost and Stolen Securities Inquiries (SIC)

Posted By: Kathleen O. Blanchard

Lost and Stolen Securities Inquiries (SIC) - 08/11/03 05:21 PM

Do any of you make your SIC inquiries for lost or stolen securities as an indirect inquirer through a correspondent bank who is a direct inquirer? If yes, could you let me know what correspondent bank you use and how it is working out? We are considering changing from direct to indirect.
Posted By: KSK

Re: Lost and Stolen Securities Inquiries (SIC) - 08/14/03 01:53 PM

We too are thinking about switching from being a direct to an indirect inquirer. As a direct inquirer, the fees assessed by SIC are outragious.

I too am curious what experience others are having.
Posted By: Kathleen O. Blanchard

Re: Lost and Stolen Securities Inquiries (SIC) - 08/14/03 03:59 PM

That is why we are investigating this...the cost is getting quite high as a direct inquirer due to our bank size (>$1 Bn).