Payment through a nominee
The route by which money travels from the issuer to the depository, then to the broker and only then to the holder's account.
How to read the number
It explains why crediting times differ between investors: each has a custody chain of his own, while the corporate decision is one and the same for everybody.
When the metric lies
Tax is withheld by whichever link in the chain is the tax agent, so less arrives than was declared. That is not a calculation error.
Also known as: nominee payment