YOUR #1 OPTION FOR MAKING YOUR SECURITIES DTC ELIGIBILE
New York, NY (PRWEB) January 16, 2013
DTCeligibility.org, founded by securities industry professionals, is designed to make the process of becoming eligible with the Depository Trust Company (the DTC) much less daunting of a task. DTCeligibility.org came forth in response to issuers’ increasing confusion on the process of being able to deposit stock into the DTC’s vast network of securities.
The DTC is the largest securities depository and the world, and holds over thirty-five trillion dollars worth of securities in deposit. If an issuer is not DTC eligible then its shares cannot be transferred between brokerage accounts electronically, meaning its shares will not be traded easily. The process of becoming eligible to deposit in the DTC can be complicated, which is why DTCeligiblity.org is such a useful tool for issuers: showing them the ins and outs of becoming DTC eligible in the most straightforward way possible.
DTCeligibility.org primary service is helping public companies apply for DTC eligibility. Some of its other services include preparing companies on how to become DWAC and DTC FAST eligible, as well as advising non-reporting public companies on SEC rule 15c211 to be listed with FINRA and OTCBB. Advising on chilled securities for issuers is also available on DTCeligibility.org. All of these services and features have been provided on this website in hopes of simplifying the technicalities and complex requirements needed to properly apply for these services.
DTCeligibility.org is a service specifically designed to simplify the process of applying for DTC eligibility for publically trading companies. The website was organized by securities industry professionals to better educate issuers on how to get past difficulties in obtaining both DTC and DTC FAST/DWAC eligibility, how to remove DTC chills, and how to navigate successfully through the entire application process.