DTCC's subsidiary, The Depository Trust Company (DTC), established in 1973, was created to reduce costs and provide clearing and settlement efficiencies by immobilizing securities and making "book-entry" changes to ownership of the securities. DTC provides securities movements for NSCC's net settlements, and settlement for institutional trades (which typically involve money and securities transfers between custodian banks and broker/dealers), as well as money market instruments.
In 2009, DTC settled transactions worth more than $299 trillion, and processed 299.5 million book-entry deliveries. In addition to settlement services, DTC brings efficiency to the securities industry by retaining custody of more than 3.5 million securities issues worth almost $34 trillion, including securities issued in the US and more than 120 foreign countries and territories.
View service offerings of The Depository Trust Company (DTC) in the Products & Services section.
DTC is a member of the U.S. Federal Reserve System, a limited-purpose trust company under New York State banking law and a registered clearing agency with the Securities and Exchange Commission.
DTCC ensures the capacity, certainty and reliability required to clear and settle today's enormous trading volumes.Download File
View service offerings of The Depository Trust Company (DTC) in the Products & Services section.Read More
In today's U.S. capital markets, billions of shares of securities change hands every day. In 2008, DTCC settled more than $1.88 quadrillion in securities transactions.Read More