Depository Trust Company
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. . 2010.

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  • 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 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

  • 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… …   Law dictionary

  • 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 & 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 — Depository Trust Clearing Corporation Rechtsform Corporation Gründung 1999 Sitz New York City Umsatz USD 706,2 Mio. (2007) …   Deutsch Wikipedia

  • 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 & Clearing Corporation - DTCC — Established in 1999, the DTCC is a holding company consisting of 5 clearing corporations and 1 depository, making it the world s largest financial services corporation dealing in post trade transactions. Owned by its principal users, the DTCC s… …   Investment dictionary

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