Depository Trust and Clearing Corporation

Depository Trust and Clearing Corporation (DTCC)

The Depository Trust and Clearing Corporation (DTCC), through its subsidiaries, provides post-trade clearance, settlement, custody and information services for equities, corporate and municipal debt, money market instruments, American depositary receipts, exchange-traded funds, unit investment trusts, mutual funds, insurance products and other securities. The National Securities Clearing Corporation (NSCC) subsidiary, which acts as a central counterparty (CCP), provides trade guarantee, netting and risk management services for equity and debt transactions from all U.S. stock exchanges and markets. The Depository Trust Company(DTC) subsidiary has custody of and provides asset servicing for millions of securities issues of issuers from the U.S. and over 60 other countries. DTC serves as a major clearinghouse for institutional post-trade settlement. DTCC's two subsidiary businesses have Standard and Poors' highest rating: AAA.

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.

Depository Trust and Clearing Corporation (DTCC).

The DTCC is the world's largest securities depository, holding trillions of dollars in assets for the members of the financial industry that own the corporation. It is also a national clearinghouse for the settlement of corporate and municipal securities transactions.

The DTCC, a member of the Federal Reserve System, was created in 1999 as a holding company. It has two primary subsidiaries, the Depository Trust Company (DTC) and the National Securities Clearing Corporation (NSCC).

It is also the holding company for the Emerging Market Clearing Corporation (EMCC) and the Fixed Income Clearing Corporation (FICC).

The FICC was formed as a merger of the Government Security Clearing Corporation (GSCC) and the Mortgage Backed Security Clearing Corporation (MBSCC).

References in periodicals archive ?
NEW YORK -- Citi, a global leader in central clearing, announced today that it has begun clearing trades on New York Portfolio Clearing (NYPC), a joint venture of The Depository Trust and Clearing Corporation and NYSE Euronext.
Omgeo is a joint venture of The Depository Trust and Clearing Corporation and Thomson Financial.
2 trillion asset class, according to Depository Trust and Clearing Corporation (DTCC).
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.
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.
Full browser ?