Glenmede Escrow

DWAC, FAST DRS Services

Massively reduces the amount of time needed to transfer holdings

DWAC, FAST and DRS

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.

Main Benefits:

  • Ability to transfer holding to a broker account in hours rather than weeks
  • Eradicates the dangers of losing a certificate in transit
  • No courier or delivery charges for sending certificates through the postal system
  • Eradicates brokerage fees related to the processing of physical certificates

How it Works

There are two methods of depositing holdings electronically:

DWAC and DRS

  • DWAC: Deposit/Withdrawal at Custodian, or
  • DRS: Direct Registration System

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

Looking for a superior escrow, issuer or shareholder services experience?

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.

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