Deposit/Withdrawal at Custodian

(redirected from Deposit Withdrawal at Custodian)

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 ?
DTC) for Deposit Withdrawal At Custodian (DWAC) for its common stock.
Kurt Hughes, vice president of Interwest Transfer, said, "New Mexico Software is now eligible to have our company move its shares electronically with the DTC Deposit Withdrawal At Custodian (DWAC) system in keeping with the current technology available.