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Depository Trust & Clearing Corporation
(redirected from Depository Trust 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.


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They are not, however, intended to create any new substantive disclosure obligations, nor are they intended to create new obligations for nominees to review, disclose, or transmit any notices which they may receive through a nationally recognized municipal securities information repository (NRMSIR), a state information depository (SID), or the Depository Trust Corporation (DTC)'s computerized Legal Notice System (LENS).
Although the concept is still in its formative stages, preliminary plans call for the Clearinghouse to have a structure similar to that of the Depository Trust Corporation (DTC) and the Participants Trust Corporation (PTC), which operate book-entry systems for the securities industry.
HOUSTON -- Forster Drilling Corporation (OTCBB:FODL) announced today that its shares are now eligible for safekeeping with the Depository Trust Corporation.
 
 
Depository Institutions Deregulation and Monetary Control Act
Depository Institutions Deregulation and Monetary Control Act
Depository Institutions Deregulation and Monetary Control Act
Depository Institutions Deregulation and Monetary Control Act
Depository Institutions Deregulation and Monetary Control Act of 1980
Depository Institutions Deregulation Committee
Depository Institutions Expert Panel
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