Depository Trust & Clearing Corporation - DTCC

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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.

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