Massively reduces the amount of time needed to transfer holdings
Glenmede Escrow is a DTC authorised DWAC/FAST (Fast Automated Securities Transfer Program) and DRS (Direct Registration System) participant. These systems enable shareholders to maintain a holding as the registered owner in electronic form with a transfer agent such as Glenmede Escrow acting as custodian rather than having to worry about the safekeeping and delivery of an actual certificate.
The DWAC/FAST and DRS processes massively reduce the amount of time needed to transfer holdings. As a user of these systems, Glenmede Escrow offers a faster and safer method of processing transactions with brokers.
DWAC and DRS
The primary distinction between these two methods is DWAC deposits necessitate a Medallion Guaranteed and DRS deposits are totally paperless
Please contact Glenmede Escrow to discuss the many advantages of going paperless for both you and your shareholders
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We put the needs of our customers first, ahead of our own, because we appreciate and value the relationships we have with them. Our ambition is to deliver results that exceed customer expectations time after time.