ASOP - Automated Subscription Offer Program

The Automated Subscription Offer Program allows DTC Participants and Agents the ability to process acceptances of rights offers and subscription payments in exchange for new underlying securities within a fully automated book-entry environment. The surrendered rights and corresponding subscription payment are credited to an account maintained by DTC on behalf of the Agent. The Agent is to confirm the balances of each Shipment Control List (SCL) evidencing the rights credited to the Agent's DTC FAST account and to confirm the drawdown of rights upon allocation of the subscribed securities by book-entry to the subscribing Participants.

For more information about ATOP refer to the Automated Subscription Offer Program Agent user guide.

You can access this service through the PBS Homepage –> Corporate Action Services –> Agent Functions –> Agent Subscription Offer Instructions.