EDS/6 - Elective Dividends - US Tax Withholding

As a U.S. tax withholding agent, DTC:

Provides certain users of the service with access to the U.S. Tax Withholding menu item on the CA Web
Notifies non-U.S. participants of taxable events
Informs QI users of the "instruction window" during which they must send withholding rate instructions to the depository; the instruction window generally extends from one day after the record date ("record date +1") to one day before the payable date ("payable date -1")
Pays U.S. source income to non-U.S. participants on the payable date, net of appropriate withholding tax
Issues settlement statements that will reflect the gross dividend amount, tax amounts withheld at each designated rate and net dividends paid
Remits tax funds to the IRS on a quarter-monthly schedule
Prepares and sends the appropriate year-end 1042-S tax forms to non-U.S. participants