The Depository Trust Company (DTC) provides participants with several ways of depositing certificates. Deposits Service allows member organizations to use a full range of safekeeping and processing services offered by the Depository for various types of eligible securities.
All DTC participants are eligible to use the service.
DTC's Deposits Service provides an automated system that allows members to:
Other benefits that Deposits Service offers are:
After receiving deposit instructions, DTC credits deposited securities to the participant's general free account.
The Deposit Automation Management (DAM) system allows the participant to transmit details of a deposit via a PBS terminal (using the DAMP function) or via file transfer protocol before forwarding physical securities to DTC.
The DAMP function also allows you to consolidate deposits, research the status of a deposit, and pend a deposit for up to 10 days.
For deposits submitted through DTC's Branch Deposit Service, the Branch Deposit Service lets branch offices or correspondents bypass their main offices and send securities received from the branch directly to DTC for deposit. As a result, branches get credit faster and main offices have access to images of the securities received. The Branch Deposit System streamlines and accelerates the deposit process by handling most of the work formerly done by its main offices.
Please contact Relationship Management at 800-422-0582.
Last updated December 22, 2009