Depository Trust Company (DTC)

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

Terms Related Links

Chill
Clearing House
Dematerialization
Depository Trust & Clearing Corporation - DTCC
Depository Trust Company Tracking - DTCT
Euroclear
National Securities Clearing Corporation - NSCC

Terms Related Links
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