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. Investopedia Says:
DTC is owned by many companies in the financial industry, with the NYSE being one of its largest shareholders. Related Terms:
Chill
Clearing House
Dematerialization
Depository Trust & Clearing Corporation - DTCC
Depository Trust Company Tracking - DTCT
Euroclear
National Securities Clearing Corporation - NSCC |