存款/Withdrawal At Custodian

The 存款ory Trust Company’s (直接转矩) 存款 and Withdrawal at Custodian (DWAC) service provides participants with the ability to make electronic book-entry deposits and withdrawals of eligible securities into and out of their 直接转矩 book-entry accounts using a Fast Automated Securities Transfer service (FAST) transfer agent as the distribution point.

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  DWAC allows participants to instruct 直接转矩 regarding deposit and withdrawal transactions being made directly via a FAST transfer agent. The FAST system eliminates the movement of physical securities certificates for transfers of securities registered in the name of 直接转矩’s nominee, 放弃 & Co, on the transfer agent’s books. 直接转矩 and its FAST transfer agents reconcile the results of participants’ deposit and withdrawal activities electronically on a daily basis.

• Who Can Use the Service

  All 直接转矩 participants are eligible to use the service.

• 好处

  This service leverages the book-entry capabilities established between 直接转矩 and FAST transfer agents, delivering efficiencies, risk mitigation and cost savings to participants.

• 服务如何运作

  In order for securities to be eligible for deposit for withdrawal via the DWAC service, the issuer must use the services of a transfer agent that participates in 直接转矩’s FAST program.

  Participants submit their physical securities and/or transfer instructions for approval directly to their FAST transfer agent. When the transfer agent approves the transfer, the participant enters the transaction via the PDWC function on 直接转矩’s Participant Terminal System (PTS), the Part Direct 存款/Withdrawal function on 直接转矩’s Participant Browser System (PBS), or the CF2DWX file protocol. The transfer agent then approves the transaction via the CDWC function on PTS or the TA Direct 存款/Withdrawal function on PBS.

  用于DWAC存款, the requesting participant’s position in its 直接转矩 account is increased as is 直接转矩’s FAST balance in the issue. 对于DWAC提款, the requesting participant’s position in its 直接转矩 account is debited, as is 直接转矩’s FAST balance in the issue.

• 了解更多信息

  To request additional information, please click 在这里.