The Depository Trust Company (“DTC”) is developing a new application, Underwriting Central (UWC), which will eventually replace UW SOURCE. The first phase of the rewrite is specific to Retail Certificates of Deposit (CDs).
Phase 1 of the new application is specific to fixed rate, non-fast CDs, issued by retail banks. The following CDs are out of scope for Phase 1: FAST, structured CDs, zero-coupon, variable interest rates, certificates issued by Credit Unions, and Secondary Offerings where the primary CUSIP was not submitted via the new UWC application.
Electronic Blanket Letter of Representations (E-BLOR)
Issuers must execute a new Blanket Letter of Representations (BLOR) in order to utilize the electronic certificate eligibility process. More information, including the e-BLOR template, can be viewed here.
Electronic Certificate (eCERT) Templates
Four electronic certificate templates were integrated into the new UWC application. To view these templates, click here.
Underwriting Central Registration
For information related to Underwriting eligibility and registration, please click here
UWC Learning Center
For UWC FAQs and training resources, please click here.
For any questions or issues related to Underwriting and Underwriting Central, please email us at [email protected] or contact Client Support at 1-866-724-4402.