A custodial clearing facility owned by the major banks and securities firms and monitored by various banking regulatory agencies and the Securities and Exchange Commission.
(DTC) A national repository through which members electronically transfer and store stocks and bonds. It is privately owned by members of the financial services community and is a member of the Federal Reserve System.
A national depository in the United States for book-entry securities that records, maintains, and transfers securities for participants. DTC participants include securities brokers and dealers, banks, trust companies and clearing corporations. Indirect access to the DTC system is also available to banks, brokers, dealers and trust companies that clear through, or maintain a custodial relationship with a DTC participant. The DTC system reduces the physical movement of certificates by permitting computerized transfers of book-entry securities.
(USA) DTC is the world's largest securities deposi... Add a comment
The DTC is a central repository where stocks and bonds are held and transferred. The DTC is owned by brokerage houses on Wall Street and the New York Stock Exchange.
A corporation, owned by banks and brokerage firms that holds and delivers securities and settles their transactions.
a firm through which the members can use a computer to arrange for investment securities to be delivered to other members via computer, thus there is no physical delivery of the securities
A central repository through which members electronically transfer stock and bond certificates.
A central repository through which members electronically transfer stock certificates. The DTC is a member of the Federal Reserve System and is owned by most of the brokerage houses on Wall Street and the NYSE.
D.T.C. is a user-owned securities depository which accepts deposits of eligible securities for custody, executes book-entry deliveries and records book-entry pledges of securities in its custody, and provides for withdrawals of securities from its custody. Used in the context of general equities. Central securities repository where stock and bond certificates are exchanged. Most of these exchanges now take place electronically, and few paper certificates actually change hands.
A central securities certificate depository through which members effect security deliveries among one another via computerized bookkeeping entries, thereby reducing the physical movement of securities.
The central U.S. depository for many lendable securities, including common and preferred stocks and corporate bonds.
A central securities certificate depository through which members effect security deliveries between each other via computerized bookkeeping entries thereby reducing the physical movement of stock certificates.
A corporation, owned by banks and brokerage firms, that holds securities, arranges for their receipt and delivery, and arranges for the payments in settlement.
DTCs serve as clearinghouses between brokers and institutional buyers and sellers, enabling institutional investors to buy and sell stock through multiple brokers
An independent subsidiary of the New York Stock Exchange responsible for: (1) holding on deposit securities owned by broker/dealers and banking institutions; (2) arranging the receipt and delivery of securities between users by means of debiting and crediting their respective accounts; (3) arranging for payment of monies between users in the settlement of transactions.
In the US, a central securities repository, owned by banks and brokerage houses, where stock and bond certificates are exchanged.
A securities depository where physical stock and bond certificates are delivered and electronically transferred between members. The DTC is a member of the Federal Reserve System and is owned by most of the brokerage houses on Wall Street and the New York Stock Exchange. Securities eligible for DTC include most corporate bonds, collateralized mortgage obligations (CMOs), equities, unit investment trusts, commercial paper, certificates of deposit and municipal bonds.
A corporation that facilitates transfers of securities and holds securities for member institutions.
A central securities certificate repository that is a member of the Federal Reserve System and is industry-owned. The New York Stock Exchange is the majority owner. DTC members deliver securities to each other via computerized debit and credit entries. This reduces the need to actually move paper certificates.