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Deposits Service

DTC's Deposits Service allows member organizations to use a full range of safekeeping and processing services offered by the depository for various types of eligible securities. DTC provides members with several ways of depositing certificates, either directly to our New York City facility or through affiliated depository facilities located throughout the United States.

Who can use the service

All DTC participants are eligible to use the service.

Benefits

DTC's Deposits Service provides an automated system that allows members to:
  • Get same-day credit to positions
  • Produce deposit tickets online, eliminating manual creation
  • Track deposits from a PTS terminal
  • Deposit restricted securities
  • Use Facility Deposits or the Deposits and Withdrawal at Custodian (DWAC) program if you are located outside New York City
  • Deposit securities for all agents in one place for up to three years after a reorganization event using the Reorg Deposits service
  • Receive next-day or deferred allocation for reorg deposits, resulting in the issuance of securities entitlement
In addition, you can:
  • Choose the level of service for your legal deposits
  • Distinguish, by code, regular deposits from legal deposits and basic service legal from full service legal
  • Use a full service branch deposits service, allowing your branch to send securities directly to DTC
  • Obtain images of branch deposits

How the service works

After receiving deposit instructions, DTC credits deposits securities to your general free account.
The Deposit Automation Management (DAM) system allows you to transmit details of a deposit via a PTS terminal (using the DAMP function) before forwarding physical securities to DTC. DTC's Deposits staff reviews and edits this information, and, with high-value items, notifies you of any problems or other relevant information involving the securities. The DAMP function also allows you to consolidate deposits, research the status of a deposit, and pend a deposit for up to 10 days. For more information Please contact Relationship Management at (212) 855-4155.