Depository Trust Company

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Depository Trust Company (DTC)

DTC is the world's largest central securities depository. It accepts deposits of over 2 million equity and debt securities issues (valued at $23 trillion) from over 65 countries for custody, executes book-entry deliveries (valued at over $116 trillion in 2000) records book-entry pledges of those securities, and processes related income distributions DTC is a member of the U.S. Federal Reserve System, a limited-purpose trust company under New York State banking law, a registered clearing agency with the Securities and Exchange Commission, and is owned by the Depository Trust and Clearing Corporation (DTCC), which is in turn owned primarily by most of the major banks, broker-dealers, and exchanges on Wall Street.

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 Company (DTC)

A national depository for security certificates that records, maintains, and transfers securities for member firms. The DTC seeks to reduce the movement of certificates by arranging for computerized transfers.
References in periodicals archive ?
It added that all series 2019 term preferred shareholders were delivered official notification of the redemption through The Depository Trust Company (DTC).
Electrovaya also completed the Depository Trust Company (DTC) eligibility requirements and Electrovayas stocks are now qualified to be held at DTC and traded through DTCs electronic book-entry system.
The bank, brokerage or nominee who holds the shares must advise the Depository Trust Company as to their full and fractional share requirements by 19 December 2018 and written notification for the election of cash by registered shareholders, must also be received by Computershare before the same day.
Official notification of the redemption will be delivered to all VMTP shareholders at a later date through the Depository Trust Company (DTC).
Depository Trust Company Letter of Representations, debt statement and pre-sale or post-sale analysis, if requested
Certain changes in CUSIP number may cause a temporary interruption in electronic trading in the United States and/or with the Depository Trust Company. The Company encourages any concerns in this regard to be directed to the shareholder's broker or agent.
According to the company, the payment of the redemption price and surrender of the notes for redemption will be made through the facilities of the Depository Trust Company in accordance with the applicable procedures of the Depository Trust Company.
In 2007, DCV became a participant in DTCC's depository subsidiary, The Depository Trust Company (DTC), which has allowed DCV to extend to its customers the benefit of having DTC service the underlying assets for DCV's Chilean customers.
The funds will deliver official notification of the redemption to VMTP shareholders at a later date through the Depository Trust Company (DTC).
Payment of the redemption price will be made through the facilities of Depository Trust Company on Oct.
The redemption price for the notes will be paid through the facilities of The Depository Trust Company.
Global Banking News-February 15, 2018--The Victory Bancorp becomes Depository Trust Company eligible

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