What is UWC?
- UWC introduces the use of electronic certificates, replacing physical master certificates. UWC enables brokers to enter security information into the application, and once finalized, the broker can systemically generate electronic master CDs and direct them to the appropriate contact at the issuer using DocuSign.
- Once the issuer electronically signs the master certificate, DTCC stores the electronic certificate in an electronic vault.
- The Underwriting Central (UWC) application integrates data validation, electronic vaulting, and e-signatures to create a better experience for brokers and issuers. It improves upon UW Source with a more streamlined user interface, fewer operational touch-points, improved data quality, and added transparency into the DTC eligibility life cycle.
- The addition of MMI Program creation and maintenance to the Underwriting Central (UWC) application is under development targeted for Q2 2024 Go Live.