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Deposit/Withdrawal at Custodian

   Also found in: Acronyms, Wikipedia 0.02 sec.
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.


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The common stock and warrants will be distributed on the closing date through the Deposit/Withdrawal at Custodian ("DWAC") transfer procedure of The Depository Trust Company ("DTC") to the eligible claimants' brokerage accounts pursuant to the instructions provided to the Company.
 
 
 
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