The 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 securities markets. The DTCC now operates through six subsidiaries that clear and settle nearly all US market trades in equities (equity), corporate and municipal debt (debt security), US government securities, mortgage-backed securities, money market instruments and over-the-counter derivatives.
The DTCC also offers securities safekeeping services for many different types of securities. The DTCC is owned by its customers, who are securities industry participants including banks, broker-dealers, mutual funds and other financial institutions, and operates at an at-cost basis by returning excess revenue to its member firms.
Each DTCC subsidiary operates independently and is self-funded by user fees. The six DTCC subsidiaries are the:
• DTC.
• Fixed Income Clearing Corporation (FICC) .

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • 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 & 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

  • Depository Trust & Clearing Corporation — ( DTCC) Euroclear Clearing and Settlement glossary Central securities depository for the US market. Euroclear Clearing and Settlement glossary …   Financial and business terms

  • Depository Trust & Clearing Corporation — (DTCC) Central securities depository for the US market …   Euroclear glossary

  • 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 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 — 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

  • Clearing Corporation — The Clearing Corporation Headquarters Delaware Website www.clearingcorp.com The Clearing Corporation (TCC, former CCorp) is a Delaware corporation owned by 17 stockholders (which include banks Goldman Sachs, Deutsche Bank and Morgan Stanley, as… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.