The Depository Trust Company
- The Depository Trust Company
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The Depository Trust Company (DTC)
USA
An SEC-registered clearing agency and one of the world's largest securities depositories. It holds physical security certificates in custody on behalf of brokers, dealers, banks and other entities and provides for the transfer of securities using electronic bookkeeping entries known as the "book-entry" system. DTC is a subsidiary of The Depository Trust & Clearing Corporation (DTCC).
Practical Law Dictionary. Glossary of UK, US and international legal terms.
www.practicallaw.com.
2010.
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The Depository Trust Company (DTC) — USA An SEC registered clearing agency and one of the world s largest securities depositories. It holds physical security certificates in custody on behalf of brokers, dealers, banks and other entities and provides for the transfer of securities… … Law dictionary
Depository Trust Company — The Depository Trust Company (DTC) USA An SEC registered clearing agency and one of the world s largest securities depositories. It holds physical security certificates in custody on behalf of brokers, dealers, banks and other entities and… … Law dictionary
The Depository Trust & Clearing Corporation — (DTCC) USA A holding company set up in 1999 to combine the Depository Trust Company (DTC) and the National Securities Clearing Corporation (NSCC) to offer clearance and settlement services to the securities markets. The DTCC now operates through… … Law dictionary
Depository Trust Company — ( DTC) An organization that holds physical certificates for stocks and bonds and issues receipts to owners. Securities held by DTC are immobilized so that they can be traded on a book entry basis. American Banker Glossary ( DTC) DTC is the world… … Financial and business terms
Depository Trust & Clearing Corporation — Type Private Industry Finance Ge … Wikipedia
Depository Trust & Clearing Corporation — The Depository Trust & Clearing Corporation (DTCC) USA A holding company set up in 1999 to combine the Depository Trust Company (DTC) and the National Securities Clearing Corporation (NSCC) to offer clearance and settlement services to the… … Law dictionary
Depository Trust and Clearing Corporation — ( DTCC) The Depository Trust and Clearing Corporation ( DTCC), through its subsidiaries ( subsidiary), provides post trade clearance, settlement, custody and information services for equities ( equity), corporate and municipal debt, money market… … Financial and business terms
Depository Trust Company - DTC — One of the world s largest securities depositories, it holds in excess of US$10 trillion worth of securities in custody. The DTC acts like a clearinghouse to settle trades in corporate and municipal securities. DTC is owned by many companies in… … Investment dictionary
Depository Trust Company Tracking - DTCT — A service, used by underwriting firms, that provides a method of tracking the exact path of purchases and sales of newly issued securities. Underwriters don t like flippers. DCTT attempts to deter premature selling of IPOs. The underwriters may… … Investment dictionary
Limited Purpose Trust Company — A trust company that has been chartered by the state to perform specific trust functions. These functions can include acting as a depositor or safekeeper for securities or mortgages. The Participants Trust Company is an example of a mortgage… … Investment dictionary
