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Depository Trust Company - DTC
What does it mean?
One of the world's largest securities depositories, it holds in excess of $10 trillion worth of securities in custody. The DTC acts like a clearing house to settle trades in corporate and municipal securities.
In Other Words...
DTC is owned by many companies in the financial industry, with the NYSE being one of its largest shareholders.
Related Links
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Related Terms
CEDEL | Clearing House | Dematerialization | Depository Trust Company Tracking | DTCC | Euroclear | NSCC
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