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.
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References in periodicals archive ?
Clarient is a global Know Your Customer and client reference data platform owned and used by the Depository Trust and Clearing Corp., Barclays, Credit Suisse, Goldman Sachs, J.P.
"In some cases we decided to use ACORD standards instead of inventing our own standards; in some situations we specifically promoted the use of standards because we believe some of our distribution partners-independent agents, for example-want this; and in other cases the marketplace basically requires the use of a specific standard, such as The Depository Trust and Clearing Corp. in the United States and FundSERV in Canada," said Mills.
has acquired end-to-end collateral and margin management service ProtoColl, from New York City-based financial services company The Depository Trust and Clearing Corp, the company said.