DTCC: The Depository Trust Company (DTC)

About DTCC

The Depository Trust Company (DTC)

For more than 30 years, DTCC's family of companies has helped automate, centralize, standardize and streamline processes that are critical to the safety and soundness of the capital markets.

DTCC's subsidiary, The Depository Trust Company, 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 2006, DTC settled transactions worth almost $445 trillion, and processed 292.7 million book-entry deliveries. In addition to settlement services, DTC brings efficiency to the securities industry by retaining custody of almost 2.8 million securities issues worth about $36 trillion, including securities issued in the US and more than 100 other countries.

Services available:

Custody & Safekeeping Services
Underwriting Services
Deposit & Withdrawal Services
Dividend, Reorganization and Proxy Services
Restricted Securities Family of Services
Direct Registration Service

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.

The U.S. Model for Clearing and Settlement

DTCC ensures the capacity, certainty and reliability required to clear and settle today's enormous trading volumes.

Download File

DTCC's Transaction Statistics

In today's U.S. capital markets, billions of shares of securities change hands every day. Last year, DTCC settled more than $1.5 quadrillion in securities transactions.