Depository Trust Company

Depository Trust Company
Depository Trust Company - This is a group of companies, which have aided in the automation for centralized, standardized, and streamlining the critical process to safety and peace of mind in the capital markets.

depository trust company investment & finance definition
A company that is collectively owned by banks and broker-dealers for the purpose of holding the securities of its shareholders and clients.

Depository Trust Company (DTC)
A central securities certificate depository through which members effect security deliveries between each other via computerized bookkeeping entries thereby reducing the physical movement of stock certificates.

Depository Trust Company (DTC)
A corporation owned by banks and brokerage firms that holds securities, arranges for their receipt and delivery, and arranges for payments in settlement.

Depository Trust Company (DTC) A national repository through which members electronically transfer and store stocks and bonds. It is privately owned by members of the financial services community and is a member of the Federal Reserve System.

Depository Trust Company (DTC): A central depository for the physical certificates evidencing securities held by its members. The members transfer securities among themselves to effect transactions using electronic bookkeeping entries.

Depository Trust Company: A depository trust company is a firm through which the members can use a computer to arrange for investment securities to be delivered to other members via computer, thus there is no physical delivery of the securities.

Depository Trust Company (DTC)
DTC is the world's largest central securities depository.

(CNS) is a fully automated book-entry accounting system used to manage all phases of the three-day settlement cycle for US securities transactions through the National Securities Clearing Corporation (NSCC) and The Depository Trust Company (DTC), ...

Cede & Co.
Nominee name for The Depository Trust Company, a large clearing house that holds shares in its name for banks, brokers and institutions in order to expedite the sale and transfer of stock.

The automated system for deposits and withdrawals of securities from the Depository Trust Company (DTC).

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While some view The Depository Trust Company (DTC) as a national CSD rather than an ICSD, in fact DTC -- the largest depository in the world -- holds over $2 trillion in non-US securities and in American Depository Receipts from over 100 nations.

Applies mainly to international equities. Bank or other Financial institution that keeps custody of Stock certificates and other Assets of a mutual fund, individual, or corporate client. See: Depository Trust Company (DTC)
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facilitates the listing of unregistered securities eligible to be resold pursuant to SEC Rule 144A. PORTAL provides regulatory review of securities in connection with the clearance and settlement thereof via the Depository Trust Company (DTC).

See also: Trust, Deposit, Securities, Share, Investment