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 ?
BULLETIN BOARD: EATC) , announced today that it has obtained a ruling of a New York court directing the Depository Trust and Clearing Corporation (DTCC) to produce trading records for Eagletech shares.
Omgeo is a joint venture of The Depository Trust and Clearing Corporation and Thomson Financial.
NEW YORK -- As the next significant step in its efforts to automate the sales and processing of life insurance policies, The Depository Trust and Clearing Corporation (DTCC) on June 30th launched its pilot program for InsurExpress.
In June, the Company completed the sale of Building III, a 176,000 square foot office building, to the Depository Trust and Clearing Corporation for net proceeds of approximately $18.
NYSE:HIW) today announced that it has completed the sale of the Network Operations Center building at Highwoods Preserve in Tampa, Florida to The Depository Trust and Clearing Corporation.
Bentley Communications Corporation (OTCBB:BTLY) announced today that it is considering exiting the Depository Trust and Clearing (DTC) and Canadian Depository for Securities (CDS) systems and moving to "custody-only" trading, in order to combat suspected short selling.
OTCBB: NUTK) ("Nutek" or the "company") today announced that it is exiting the Depository Trust and Clearing Corp.
The Depository Trust and Clearing Corporation (DTCC) has indicated that they will present shares to the transfer agent after May 29, 2002, which is the last settlement date for trades executed in the old shares.
The NSCC is the world's leading provider of centralized clearance, settlement, and information services to the financial services industry and is a wholly owned subsidiary of the Depository Trust and Clearing Corporation.

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