Depository Trust Company

Depository Trust Company
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
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( DTC)
DTC is the world's largest central securities depository. It accepts deposits of over 2 million equity and debt securities issues (valued at $23 trillion) from over 65 countries for custody, executes book-entry deliveries (valued at over $116 trillion in 2000) records book-entry pledges of those securities, and processes related income distributions.. DTC is a member of the Federal Reserve System and is owned by The Depository Trust and Clearing Corporation ( DTCC), which is in turn owned primarily by most of the major banks, broker-dealers, and exchanges on Wall Street. Bloomberg Financial Dictionary
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In the US, a central securities repository, owned by banks and brokerage houses, where stock and bond certificates are exchanged. Exchange Handbook Glossary
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DTC is a user-owned securities depository which accepts deposits of eligible securities for custody, executes book-entry deliveries and records book-entry pledges of securities in its custody, and provides for withdrawals of securities from its custody. The New York Times Financial Glossary

Financial and business terms. 2012.

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Look at other dictionaries:

  • 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 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

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  • 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 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 & 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

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