Participants transmit registration instructions to the FAST agent or issuer through DTC by using the PTS/PBS function NWT1 or by file transfer. When the instructions are received by the transfer agent, they establish a book entry account for the investor on their records and mail a transaction advice to the investor.
Through the DRS Profile system, an investor’s broker requests securities to be transferred from their book entry DRS account at the transfer agent to the broker’s account at DTC. The request to transfer the securities is entered via the Participant Terminal System (PTS)/Participant Browser System (PBS) or via the depository's file transfer protocol. The user enters proprietary information about the registered account, including the customer's account number, account registration, share quantity, tax ID number, etc. A valid surety or insurance number must be submitted with the instructions from the initiating broker. The issuer/agent then validates the information and responds with a corresponding deliver order through DRS.