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Depository Trust & Clearing Corporation - DTCC
What does it mean?
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.
In Other Words...
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.
Related Links
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Related Terms
Clearing | Clearing House | DTC | NSCC
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