![What Is DWAC? What Is DWAC](https://vikiwhatis.com/wp-content/uploads/2024/03/What-Is-DWAC-600x400.png)
What Is DWAC?
Deposit at Custodian (DWAC) is a method used in the transfer of new shares or securities between the Depository Trust Company (DTC) and a custodian. It serves as an electronic means for transferring shares, enabling transactions to bypass the DTC’s stock processing unit, thus facilitating a more streamlined process for the deposit and withdrawal of…