Deposit/Withdrawal at Custodian

(redirected from DWAC)
Also found in: Acronyms, Wikipedia.

Deposit/Withdrawal at Custodian

A computerized system on the DTCC for automatic transfers of cash and securities. This allows the DTCC to settle transactions more quickly and efficiently.
References in periodicals archive ?
In order to receive their securities, claimants must ask their brokers to post a request to DTC for a DWAC transfer of the securities by Mellon Investor Services LLC, the transfer agent for the securities, in accordance with the instructions previously provided by the Company.
Claimants or their brokers with questions on the distribution of the securities or the DWAC delivery procedures should contact the Company's Class 4 Distribution Help Center at Bankruptcy Services LLC at (212) 376-8494.
In each case, the warrant holder must submit the warrant certificate to either AST (by DWAC or by mail) or to the Company (by mail only) together with the appropriate payment for exercise of the warrant.