Vstock Transfer is a DTC authorized D.W.A.C./F.A.S.T. (FAST Automated Securities Transfer Program) and D.R.S. (Direct Registration System) participant.
The DWAC and FAST programs allow shareholders to hold a security as the registered owner in electronic form on the books of the transfer agent rather than holding a physical certificate.
HOW DOES BEING DTC ELIGIBLE HELP ISSUERS AND SHAREHOLDERS?
- By being DTC eligible and allowing for electronic transfer and deposits there is no concern about lost certificates or the cost to replace.
- By being DTC eligible to allow for electronic deposit of shares, shareholders can reduce stock deposits into a brokerage account from weeks to hours.
- By being DTC eligible you eliminate the hassle of overnight courier services and avoid courier fees. You would also save money by not having to pay add on brokerage fees for physical deposit charges.
- If an issuer is not DTC eligible then its shares cannot be transferred between brokerage accounts electronically, which basically means its shares will not be traded easily. Exchanges such as NYSE and AMEX require DTC eligibility.
Contact us today for more information on how we can assist you to obtain DTC eligibility.