NutraFuels becomes DTC eligible and DWAC approved

"DTCC" stands for "The Depository Trust Clearing Corporation." DTCC is a member of the U.S. Federal Reserve System. It is a limited trust company under New York State Banking law and a registered clearing agency with the SEC. The purpose of DTCC is to reduce costs associated with securities processing by financial intermediaries serving the public.

They accomplish this by retaining custody of over 2 million securities and converting them to electronic files. The depository also provides the services necessary for the maintenance of the securities it has in custody.

The DTC eligibility process enhances capital market efficiencies and reduces costs to the industry by enabling eligible securities to be distributed, settled and serviced through DTC’s automated processes.

DTC’s straight-through processing mitigates risk for the industry through automation and standardization.

The DWAC process offers a number of benefits to investors. Being electronic systems, they greatly reduce the amount of time required to transfer and deliver securities, thereby significantly accelerating the settlement process for investors. They also eliminate the risk of losing physical certificates, as well as the higher transportation and handling costs associated with such certificates.