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Depository Trust Company - DTC

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Definition of 'Depository Trust Company - DTC'

One of the world's largest securities depositories, it holds in excess of US$10 trillion worth of securities in custody. The DTC acts like a clearinghouse to settle trades in corporate and municipal securities.
Investopedia Says

Investopedia explains 'Depository Trust Company - DTC'

DTC is owned by many companies in the financial industry, with the NYSE being one of its largest shareholders.

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