DTC FAST Drawdown Process Update
On Jan. 6, DTC issued notice for FAST drawdown process update.
- DTC issued Important Notice 21300-25 relating to FAST drawdown process update.
- Process Update
- Update process for drawdown shipment control list (SCLs) removing issues from FAST.
- In case of issue’s discontinuation of FAST participation or transfer agent’s termination.
- SCLs no longer sent in physical form, details provided via email to servicing agent.
- Operations Risk and Control (ORC) department responsible for any inquiries/requests.
- Effectiveness
- Process update effective Jan. 16, 2025.
- Jan. 8, 2025 DTC Notice
- On Jan. 8, 2025, DTC issued notice on drawdown process updates, on Jan. 16, 2025.
| Regulators |
DTC
|
| Entity Types |
B/D; Depo; Exch |
| Reference |
IN 21339-25, 1/8/2025; IN 21300-25, 1/6/2025; |
| Functions |
Operations; Reporting; Risk; Technology |
| Countries |
United States of America |
| Category |
|
| State |
|
| Products |
Custody; Securities |
| Regions |
Am |
| Rule Type |
Final |
| Rule Date |
1/6/2025 |
| Effective Date |
1/16/2025 |
| Rule Id |
239253 |
| Linked to |
N/A
|
| Reg. Last Update |
1/8/2025 |
| Report Section |
US Investment |
Last substantive update on 01/09/2025
