Depository Trust & Clearing Corporation - DTCC


DEFINITION of 'Depository Trust & Clearing Corporation - DTCC'

Established in 1999, the DTCC is a holding company consisting of 5 clearing corporations and 1 depository, making it the world's largest financial services corporation dealing in post trade transactions.

BREAKING DOWN 'Depository Trust & Clearing Corporation - DTCC'

Owned by its principal users, the DTCC's function is to integrate the NSCC and DTC, streamlining clearing and depository transactions in attempts to reduce cost and increase capital efficiency.

  1. Depository Trust Company - DTC

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

    A deposit account used to aggregate funds from several locations ...
  3. Chill

    Special restrictions that can be placed on a given security by ...
  4. Clearing House

    An agency or separate corporation of a futures exchange responsible ...
  5. National Securities Clearing Corporation ...

    A subsidiary of the Depository Trust & Clearing Corporation ...
  6. Clearing

    The procedure by which an organization acts as an intermediary ...
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