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 ?
About 99.9% of the total 18,400,000 units outstanding were held by Cede & Co (The Depository Trust Corporation's nominee) as the official unitholder of record.
The Capital Securities are held only in book-entry form through The Depository Trust Corporation (DTC).
Because the separation was completed on a Saturday and not a business day, the shares are expected to be credited to "street name" stockholders through the Depository Trust Corporation on July 5, 2016.
(OTCQB: MDCL) is pleased to announce today that stock held by some if its shareholders as disclosed in its S1 filing have cleared the Depository Trust Corporation and will be coming into the markets this week.
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).
Also, the company mentioned that the capital securities are held only in book-entry form through the Depository Trust Corporation (DTC) will redeem the same with its procedures and notify the holders.
Molecular information company Protea Biosciences Group (OTCQB:PRGB) stated on Thursday that the Depository Trust Corporation (DTC) has authorised its common stock for DWAC/FAST transfer through its transfer agent, Island Stock Transfer.