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.