DTCC, DTC, and Transfer Agent Systems

These pages keep U.S. post-trade ownership-transfer systems together, from DTCC and DTC infrastructure to direct registration and transfer-agent workflows.

In this section

• Direct Registration System (DRS): A System for Holding Securities
  The Direct Registration System (DRS) allows securities to be held in electronic form directly on the books of the issuing company, facilitating a more streamlined and secure way of managing securities ownership.
• DTC (Depository Trust Company): What Is It?
  A comprehensive guide to the Depository Trust Company (DTC) and its role
• DTCC: The Depository Trust & Clearing Corporation
  An in-depth look at The Depository Trust & Clearing Corporation, its role in the financial industry, and its historical and contemporary significance.
• DWAC (Deposit/Withdrawal At Custodian): Automated Securities Management
  An in-depth look at Deposit/Withdrawal At Custodian (DWAC), an automated system utilized for the efficient deposit and withdrawal of securities at the Depository Trust Company (DTC).
• Stock-Transfer Agent: Responsible for Managing Stock Transfers
  A Stock-Transfer Agent specializes in managing and executing the transfer of stock ownership and maintaining comprehensive records of shareholders.
• The Automated Customer Account Transfer Service (ACATS): Seamless Securities Transfers
  Understanding the Automated Customer Account Transfer Service (ACATS), its functionalities, processes, and impact on the transfer of stocks, bonds, mutual funds, and options between brokerages.