Depository Trust & Clearing Corporation

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Depository Trust & Clearing Corporation

A clearing house that is the largest security depository and post-trade financial services company in the world. Based in New York, the DTCC settles the large majority of securities transactions in the United States, totaling $1.86 quadrillion in value in 2007. Along with its subsidiaries, the corporation provides services on mutual funds, insurance, corporate and municipal bonds, equities, mortgage- and government-backed securities, and various other derivatives. Its main competitors are Euroclear and Clearstream.
References in periodicals archive ?
Because all of the shares previously issued in the name of Cede and Co under the name Nutek Inc, have been exchanged, there will be no further exchanges of shares held in street name under the name of Nutek, Inc.
As a result of the company's enhanced By-laws, current company shareholders holding their shares in "street form" (shares owned by a client held by a brokerage in the name of Cede and Co.
Become a Registered Shareholder: As a result of the Company's enhanced By-laws, current Company shareholders holding their shares in "street form" (shares owned by a client held by a brokerage in the name of Cede and Co.