Deposit/Withdrawal at Custodian

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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 ?
VStock Transfer was founded by experienced securities lawyers to provide cost savings, DTC Eligibility, DWAC services, dedicated account managers, FREE 24-7 Issuer access online to shareholder reports, and outstanding customer service that will impress the Issuer and shareholders.
July 28, 2015 /PRNewswire/ -- HashingSpace Corporation(OTCQB: HSHS), a Bitcoin ASIC mining and hosting company, announced today that the company has been approved to provide DWAC to shareholders.
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.
Unlike Holladay, Vstock can process the Company's shares electronically by using the DTCC system and FAST system for DWAC transactions.
For a claim holder to receive the Units to which it is entitled under the Plan, the broker, bank or other nominee of the claim holder must initiate a DWAC transfer in accordance with the procedures of the Depository Trust Company (DTC) for the number of Units previously communicated to the nominee by the Trust.