Securities Processing Application

Simplify securities inventory management and electronic transaction processing through a centralized platform that improves transparency, reduces operational friction and supports evolving market needs.
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Securities Processing Application (SPA)

A Centralized Solution for Securities Processing

Securities processing often requires firms to navigate multiple systems, complete manual steps and piece together information from different sources. The Securities Processing Application (SPA) gives DTC Participants and FAST Transfer Agents a unified platform for managing securities inventory and related transactions held at the depository, bringing key processing tools and operational information into one centralized location.

SPA simplifies navigation, improves visibility into inventory and transaction status and supports more consistent processing. The platform helps reduce manual work, strengthen operational control and give firms a scalable foundation for adapting as market practices, client expectations and securities processing needs continue to evolve. 

Key Features & Benefits

Unified Processing Experience

Access multiple securities processing functions through a centralized platform with streamlined navigation and a modern user experience.

Inventory Visibility and Control

Monitor custody holdings, certificate details, balances and associated transaction activity through intuitive dashboards and drill-down capabilities.

Electronic Deposit and Withdrawal Processing

Submit, review, approve or reject deposit/withdrawal instructions through a modern workflow that supports both participants and FAST transfer agents.

Real-Time API Connectivity

Support machine-to-machine processing with API connectivity designed to enable real-time transaction exchange and reduced reliance on legacy batch processing.

Flexible Reporting and History

Access dynamic reporting and transaction history with export capabilities supporting operational review, reconciliation and analysis.
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Our Securities Processing Transformation

SPA, launched in March 2023 with FAST Balance Confirmation processing, enabled FAST transfer agents to monitor and confirm inventory balances. This was followed by the launch of Deposit/Withdrawal at Custodian (DWAC) in March 2024. Participants can use SPA to input and view deposit and withdrawal instructions via the new portal application. FAST agents can review and approve or reject DWAC transactions. DTC also introduced Automated Programming Interface (API) and MQ-based functionality which allows for machine-to-machine connectivity and real time transaction processing for participants and FAST agents.

During the next phase of Securities Processing Transformation, DTC will focus on the Direct Registration System (DRS). This includes DRS Profile Deposits, DRS Withdrawal by Transfer transactions, and DRS Centralized Billing.

SPA will be further developed through a multi-year, multi-phased approach, with different functionalities unveiled at every stage. The following is a breakdown of the sequence in which each planned SPA functionality will be phased into the application:

  • Phase 1: Inventory Management - FAST Balance Confirmations (Transfer Agents) and Custody Inventory Inquiry (Participants) (completed)
  • Phase 2: Modernize Electronic Transactions: DWAC and DWAC Centralized Billing (completed)
  • Phase 3: Direct Registration System (DRS) and DRS Centralized Billing
  • Phase 4: DSF Centralized Billing and API Connectivity 

User Documentation

Access key documents, guides, forms and reference materials that support your use of this product and help you navigate important service requirements.

Resources