Xebra Brands receives DTC eligibility
Mar. 01, 2022 9:14 AM ETXBRAFBy: Jessica Kuruthukulangara, SA News Editor
- Xebra Brands (OTC:XBRAF) said its shares are now eligible for book-entry and depository services of the Depository Trust Company to facilitate electronic clearing and settlement of transfers of its shares in the U.S.
- The eligibility is expected to simplify the process of trading and transferring of XBRAF's shares and will enhance liquidity in the U.S. due to the accelerated settlement period and expected reduction in costs for investors and brokers.