Safekeeping

DTC’s Regular Custody Services free you from the cumbersome physical handling of those securities that are not traditionally eligible for DTC processing.

  • Processing withdrawals from inventory, which can include mailing to your customers or branches
  •  Mailing of certificates as instructed
  • Production of customized letters
  • Systemic account number changes
  • Coupon clipping and shell presentation
  • Trailing document deposit
  • Customer request for audits

 

Transfers

DTC’s Custody Service allows you to submit transfer instructions requesting re-registration into firm or customer name. It also allows for breakdown requests.

 

Restricted Transfers

Restricted deposits and their transfer instructions are hand delivered or sent by FedEx Priority Overnight service to the transfer agent.

 

Custody Reorganization

The Custody Reorganization Service allows for presentations on corporate events not eligible for regular DTC services and/or DTC eligible corporate events in restricted shares.

  • Assistance with research into reorganization and redemption activities
  • Follow-up until all proceeds have been collected
  • Allocation of both cash and stock proceeds
  • Option of designated custody boxes for reorg sweeps

 

Branch Deposit Service (BDS)

The Branch Deposit Service (BDS) allows you to have your customer deposits sent directly to DTC from their branches and/or correspondents. The BDS service performs a full examination of these securities prior to crediting into your free account.

  • Less workspace and vault space required
  • Reduce deposit cycle time
  • Mitigate risk

 

New York Window/Physical Settlement

The New York Window (NYW) allows customers to effect both over-the-window and NSCC & ESS transactions. Customers can effect deliveries using inventory from their custody vault.

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