Mountain Share Transfer Adds DTC DRS System and FAST Electronic Securities Transfer Services
Mountain Share Transfer, a full-service stock transfer agent, is proud to announce that as part of its relocation to Atlanta, Georgia and the expansion of services to be offered to its clients, it has added access to the Depository Trust Clearing Corp. ‘DTCC’ Direct Registration System (DRS System) and Fast Automated Securities Transfer (FAST) electronic securities transfer programs as services available to its clients.
Through the DRS system and FAST electronic program, shareholders are able to hold their normally certificated shares in electronic, book-entry form with the transfer agent. These shares can be transferred via. the Deposit Withdrawal at Custodian ‘DWAC’ system from the transfer agent to the broker/dealer and vice versa without having to request physical certificates that need to be shipped to DTCC and processed. This speeds up processing times and can greatly benefit clients and their shareholders.
Benefits of a Company Participating in the Direct Registration System DRS System and FAST or DWACS Program
- Eliminate lost certificates and associated replacement fees.
- Eliminate lengthy broker physical certificate deposits and associated processing fees.
- Eliminate printing of stock certificates.
- Enjoy instant transfer of shares to brokers by eliminating courier shipments and associated fees.
- Increase funding opportunities from institutional investors, lenders, and investment bankers
Ways the DRS System and DWAC Systems Work for Shareholders
Direct Registration System (DRS System): Shareholders can deposit their shares directly into the DRS system at the Depository Trust Clearing Corporation DTCC.
Deposit/Withdrawl At Custodian: Shareholders can send their physical certificates to the transfer agent to be converted into electronic book entry and deposited directly at the broker/dealer.
We feel that the addition of the the Depository Trust Clearing Corp. ‘DTCC’ Direct Registration System (DRS System) and Fast Automated Securities Transfer (FAST) electronic securities transfer programs as services available to our clients will be of tremendous benefit to them and their shareholders.
Additional information on the Depository Trust Clearing Corp. ‘DTCC’ Direct Registration System (DRS System) and Fast Automated Securities Transfer (FAST) electronic securities transfer programs can be found at the DTCC website: http://www.dtcc.com/products/asset/services/registration.php
About Mountain Share Transfer
Mountain Share Transfer is a full service stock transfer agency and registrar servicing both public and private companies. We provide services to both U.S. and internationally based corporations. In September of 2012, Mountain Share Transfer relocated to the historic Vinings area of Atlanta, Georgia. The move to Atlanta has allowed Mountain Share Transfer to expand its offices and increase the services to our clients.
Please be sure to note our new addresses as the they changed with the move. Our updated addresses can be found on our contact page. Please note that our telephone # remains the same at (303)-460-1149. Our updated fax # is (404)-816-8830.
In the future, Mountain Share Transfer will be implementing full electronic transfer services, and well as an innovative edgarization and XBRL agreement for its clients. We are looking forward to announcing these new services to our clients.
Additionally Mountain Share Transfer plans to continue its long standing tradition of offering flexible solutions to client companies all along the spectrum of size and need of transfer agent services.
Please feel free to contact our offices with any questions or inquiries.