Definitions for "Depository Trust Company"
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.
Keywords:  diamonds, derivative
derivative Diamonds
Keywords:  clearing, trust, corporation, see
depository.  See:  DEPOSITORY; DEPOSITORY TRUST AND CLEARING CORPORATION.