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Deposit/Withdrawal by Custodian (DWAC) is a fully automated, interactive system, which can be utilized to move shares between DTC's Participants and FAST agents (Custodians). Participating in DWAC is optional. Using DWAC, a DTC Participant can transmit, via PTS/PBS, a transfer request to a FAST transfer agent.
DWAC allows participants to instruct DTC regarding deposit and withdrawal transactions being made directly via a FAST transfer agent. The FAST system eliminates the movement of physical securities certificates for transfers of securities registered in the name of DTC's nominee, Cede & Co, on the transfer agent's books.
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DWAC Fees means fees payable to the Transfer Agent's Deposit Withdrawal Agent for the electronic transmission of shares of Common Stock by crediting the account of Investor's broker with Depository Trust Company Fast Automated Securities Transfer through the Transfer Agent's Deposit Withdrawal Agent Commission system.
The Depository Trust Company's (DTC) Deposit and Withdrawal at Custodian (DWAC) service provides participants with the ability to make electronic book-entry deposits and withdrawals of eligible securities into and out of their DTC book-entry accounts using a Fast Automated Securities Transfer service (FAST) transfer ...
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DWAC Fees means fees payable to the Transfer Agent's Deposit Withdrawal Agent for the electronic transmission of shares of Common Stock by crediting the account of Investor's broker with Depository Trust Company Fast Automated Securities Transfer through the Transfer Agent's Deposit Withdrawal Agent Commission system.
DWAC Eligible means that (a) the Common Stock is eligible at DTC for full services pursuant to DTC's Operational Arrangements, including without limitation transfer through DTC's DWAC system, (b) the Company has been approved (without revocation) by the DTC's underwriting department, (c) the Transfer Agent is approved ...
DWAC Fees means fees payable to the Transfer Agent's Deposit Withdrawal Agent for the electronic transmission of shares of Common Stock by crediting the account of Investor's broker with Depository Trust Company Fast Automated Securities Transfer through the Transfer Agent's Deposit Withdrawal Agent Commission system.
DWAC Eligible means that (a) the Common Stock is eligible at DTC for full services pursuant to DTC's Operational Arrangements, including without limitation transfer through DTC's DWAC system, (b) the Company has been approved (without revocation) by the DTC's underwriting department, (c) the Transfer Agent is approved ...
DWAC Deposit Instructions (for shareholders) Shareholders can deposit their stock into a brokerage account by either sending their physical stock certificate to their broker or by having the transfer agent send the shares directly to the broker through the DWAC system.

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