Deposit/Withdrawal at Custodian (DWAC)
The automated system for deposits and withdrawals of securities from the Depository Trust Company (DTC).

Investopedia Says:
This electronic method of clearing options speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors.

Related Terms:
Clearing House
DTC
Option

• Transfer Of Risk
• Transfer On Death (TOD)
• Transfer On Death (TOD)
• Transfer Payment
• Transfer Price
• Transfer Procedures
• Translation Exposure
• Translation Risk
• Transparency
• Transportation Expenses
• Transportation Sector
• Traunch
• Traveler's Check
• Travel Expenses
• Treasury Automated Auction Processing System (TAAPS)
• Treasury Automated Auction Processing System (TAAPS)
• Treasury Bill (T-Bill)
• Treasury Bond (T-Bond)
• Treasury Direct
• Treasury Index
• Treasury Inflation Protected Securities (TIPS)
• Treasury Inflation Protected Securities (TIPS)
• Treasury Investment Growth Receipts (TIGRs)
• Treasury Investment Growth Receipts (TIGRs)
• Treasury Lock