Securities Processing

Welcome to the Securities Processing section of this Learning Center. Through its suite of Securities Processing services The Depository Trust Company (DTC) provides its participant firms a range of safekeeping and processing services for various types of securities. Securities Processing services deliver efficient and cost-effective solutions for deposits, withdrawals, electronic direct registration and custody. 

Securities Processing Application

The Depository Trust Company’s (DTC’s) Securities Processing Application or “SPA” is a unified platform from which Participants and Transfer Agents can manage securities inventory held on their behalf at the depository. Upon completion of its phased development, it will include functionality for managing electronic deposits and withdrawals, direct registration transactions, and centralized billing activities all in one system application.

Visit the Securities Processing Application home page and begin learning. 

SPA for Participants

DTC Particpants can access the following functionality: 

• Deposit Withdrawal at Custodian (DWAC) - Deposits and withdrawals instructions
• Direct Registration Service (DRS)- Profile Requests Deposits, Withdrawal by Transfer (Targeted Deposit and Withdrawals PSE and Prod releases througout 2025)
• Maker-Checker - Secondary "Four Eyes" approval for DWAC and DRS intructions. (Targeted DRS Billing PSE and Prod releases througout 2025)
• Physical Inventory Inquiry.

Transfer Agents

FAST Agents can access the following functionality. 

• FAST Balance Confirmation - FAST Agents confirm daily eod balances with DTC.
• Deposit Withdrawal at Custodian (DWAC) - Agents approve or reject deposits and withdrawl instructions
• Centralized Billing - Agents set up fees in one place which are then applied to DWAC and DRS transactions and charged to participants. (Targeted PSE and Prod releases througout 2025)
• Maker-Checker - Secondary "Four Eyes" approval for DWAC and DRS instructions and Centralized Billing Fees. (Targeted DRS Billing PSE and Prod releases througout 2025)

Custody Service Overview

The Custody Service is a unified service that allows you to perform physical deposits, withdrawals and more. See the Custody Service Overview section below to access links to available Custody Service learning solutions. You may also wish to view the Custody Conversion Checklist to track your readiness for using the Custody Service. This spreadsheet outlines the sequence of events that must take place, as well as the party or parties responsible for each step.