Special restrictions that can be placed on a given security by the Depository Trust Company (DTC). Chill restrictions are intended to limit the potential for problems within the financial marketplace, and can be placed on a security for various reasons.


Owned by many financial companies including the New York Stock Exchange (NYSE), the DTC acts as a clearinghouse for stock exchange securities, settling trades in corporate and municipal securities. If the DTC has cause to be concerned about a specific security currently processed through its system, it may place a "chill" status on the security. This will restrict brokerages' ability to transfer the shares or units of the security through DTC until the security's issues are cleared up or it ceases trading on the market.

  1. Depository Trust Company - DTC

    One of the world's largest securities depositories, it holds ...
  2. Exchange

    A marketplace in which securities, commodities, derivatives and ...
  3. Depository Trust & Clearing Corporation ...

    Established in 1999, the DTCC is a holding company consisting ...
  4. Automated Confirmation Transaction ...

    An automated system designed to document and report the clearing ...
  5. Window Settlement

    A form of settlement between dealers whereby trades are settled ...
  6. Settlement Date

    1. The date by which an executed security trade must be settled. ...
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