The Depository Trust Company (DTC) provides members with several ways of depositing certificates.  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.

Overview

The Depository Trust Company (DTC) provides members with several ways of depositing certificates. 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.

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 of securities positions for most transfer activities
• Eliminate manual creation of deposit tickets by using online processing
• Track deposits through DTC's functionality
• Deposit restricted securities with a transfer turnaround usually within 21/2 days

As part of its Restricted Deposit Service suite of service, DTCC offers:

1. The Web Guide, a Web-based informational database and tutorial for lifting restrictions.  The informational databases include an agent and issuer counsel contact listing, as well as a standardized forms database.
2. A Total Processing Solution which provides a fully integrated process to deposit, track and receive notification that a transfer is complete.  All the functionality of the Web Guide is included in Total Processing Solution.

Other benefits that Deposits Service offer are:

• Deposits and Withdrawal at Custodian (DWAC) program if the participant is  located outside New York City
• Reorganization Deposits Service which allows users to deposit for transfer and the collection of entitlements for up to three years after a reorganization event
• Receive next-day or deferred allocation for Reorganization deposits, resulting in the issuance of securities entitlement

How the Service Works

After receiving deposit instructions, DTC credits deposited securities to the participant's  general free account.
The Deposit Automation Management (DAM) system allows the participant to transmit details of a deposit via a PBS terminal (using the DAMP function) before forwarding physical securities to DTC.

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 deposits submitted through DTC's Branch Deposit Service, the Branch Deposit Service lets branch offices or correspondents bypass their main offices and send securities received from the branch directly to DTC for deposit.  As a result, branches get credit faster and main offices have access to images of the securities received.  The Branch Deposit System streamlines and accelerates the deposit process by handling most of the work formerly done by your main offices.

For More Information

For more information, please contact Relationship Management at (800) 422-0582.