Issue 3 - December 2008
Each day, the financial industry generates an enormous amount of paper. At Pershing alone, more than 186 million statement pages were produced last year, which required 35,834 million British Thermal Units (BTU) of energy, 3,238 tons of wood, 18 million gallons of waste water, and produced 5 million pounds of carbon dioxide equivalent.
The desire to "go green" is not only on the minds of corporations, but also on the minds of investors. A recent survey by Forrester Research indicates that investors are increasingly suppressing paperin fact, brokerage accounts and trade confirmations have the highest rates of electronic adoption, at 53% and 60%, respectively.
Through NetExchange Client®, you can offer your clients the ability to suppress paper delivery of their brokerage account statements and trade confirmations. Once entitled, your clients can log on, and after a few quick clicks of the mouse, choose to suppress paper delivery of these items. When clients choose this option, they receive a notification email whenever a trade confirmation or account statement is available to view online.
Why turn off paper delivery?
While the environmental benefits are obvious, paper suppression is not only about "going green." There are many additional benefits to you and your clients, including:
Inform your clients
Pershing offers a number of items to help you promote paper suppression among your clients. Pre-approved statement inserts and statement messages are currently available and additional items are being developed to help you inform your clients.
Contact your home office to determine if your firm offers paperless account statements and trade confirmations and to assist with the appropriate entitlements for your client accounts. Once entitled, your clients can quickly and easily turn off paper delivery by adjusting their preferences in NetExchange Client.
Help your clients make a powerful choice to go online and go paperless.
For Professional Use Only.