Depository Trust Company, The (DTC)

Definition:

The Depository Trust Company, an SEC-registered securities depository and a subsidiary of The Depository Trust & Clearing Corporation (DTCC), which is one of the world’s largest Clearing Systems. The DTC acts as a Clearing System for securities transfers, stores the physical security certificates on behalf of Custodian banks, brokers, and dealers, and maintains an electronic bookkeeping system for trading purposes.

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