Book-Entry Deposit and Withdrawal Access
Make eligible securities deposits and withdrawals through DTC book-entry accounts, using an electronic process that supports efficient asset movement.
Deposit and Withdrawal at Custodian (DWAC)
Streamlined Electronic Deposits and Withdrawals
Deposit and Withdrawal at Custodian (DWAC) gives Participants a streamlined way to complete electronic book-entry deposits and withdrawals of eligible securities through a FAST transfer agent. Instead of delivering or receiving physical certificates, they can move positions directly between the transfer agent’s records and their DTC accounts.
By replacing certificate movement with a standardized electronic process, we can shorten processing times, reduce handling and delivery costs and lower the risks associated with lost, delayed or damaged certificates. The service also gives Participants and transfer agents clearer visibility into transaction status, supports more efficient exception management and helps simplify transfers related to registrations, conversions and other eligible securities activity.
Key Features & Benefits
Reduced Certificate Handling
Replace physical certificate movement with electronic processing to reduce manual handling, operational friction and processing complexity.
Efficient Reconciliation
Support electronic reconciliation between DTC and FAST transfer agents, helping participants manage deposit and withdrawal activity more efficiently.
Broad Participant Access
Access the service as a DTC Participant, subject to securities eligibility and the issuer’s use of a FAST program transfer agent.
Resources
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Announcements & Reports
Each month, DTCC measures sigma levels for a variety of transaction processes, including those for underwriting, redemptions, dividend and interest payments, and reorganization announcements.
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Asset Services Performance Metrics
Monitor the accuracy and timeliness of principal and interest (P&I) payment allocations through DTC's Performance Metrics reporting.
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DTCC Learning
DTCC Learning provides access to training materials, educational resources and documentation designed to help users understand DTCC products, services and operational processes.
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Reference Documentation
Explore important notices, regulatory rule filings, bylaws, risk management information and operational requirements from DTCC and its clearing agencies.