FBCS - Fast Balance Confirmations in Securities Processing Application (SPA)

The DTC FAST (Fast Automated Securities Transfer) program eliminates the movement of physical securities by allowing transfer agents to act as custodians for DTC. The FAST program facilitates the industry's dematerialization efforts and plays a significant role in reducing the costs associated with shipping certificates to and from agents, as well as those related to printing and processing certificates. The FAST program does not apply to MMI securities.

About FAST Securities Processing

FAST securities processing allows the issuer and the transfer agent to keep track of issuer shares that are held at their Agent in DTC's nominee Cede & Co. FAST-eligible issues are held in book-entry form as opposed to physical certificated issues.

FAST Agents must first establish access to DTC's Securities Processing Application. This access is required for daily balancing of FAST positions, as well as confirming transactions made into and out of DTC’s FAST balance.

Refer to the SPA Agent Online Help Guide: https://dtcclearning.com/documents/asset-services-2/securities-processing/securities-processing-application/5080-securities-processing-application-agent-help-1.html

You can access this service through the MyDTCC –> Securities Processing Application (SPA)