deposit/withdrawal at custodian (DWAC)
Definition
DWAC. An electronic method of transferring shares between brokers using the Depository Trust Company (DTC) and a transfer agent, with the transfer agent serving as a custodian.
Use this term in a sentence
“ You may want to try and use the deposit/withdrawal at custodian method if you think that will make things easier for the deal. ”
“ DEPOSIT/WITHDRAWAL AT CUSTODIAN An electronic method of transferring shares between brokers using the Depository Trust Company (DTC) and a transfer agent, with the transfer agent serving as a custodian. ”
