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1999 Press Releases
December 31, 1999DTCC and Y2K: Background BriefingDTCC, through its two subsidiaries, National Securities Clearing Corporation (NSCC) and The Depository Trust Company (DTC) provides most of the key infrastructure for clearing and settling trades in the United States. These companies began making their extensive preparations for Y2K as early as 1994.
November 08, 1999DTCC Completes Exchange for NSCC, DTC SharesDTCC announced today that all shareholders of The Depository Trust Company (DTC) and National Securities Clearing Corporation (NSCC) had exchanged their shares for shares in DTCC, marking the final step needed for DTCC to become the parent of both clearing agencies.
November 01, 1999DTCC Launches New Corporate IdentityDTCC today announced a corporate identity program to convey its expanding role in the changing financial services environment in the U.S. and overseas. DTCC was created by the integration of The Depository Trust Company (DTC) and National Securities Clearing Corporation (NSCC).
October 15, 1999DTCC Extends Exchange OfferDTCC announced today that it has extended its exchange offer for shares of The Depository Trust Company (DTC) and National Securities Clearing Corporation (NSCC) until October 29.
October 07, 1999David M. Kelly, NSCC President and CEO, to RetireDavid M. Kelly, president and CEO of National Securities Clearing Corporation (NSCC) and vice chairman of the newly created DepositoryTrust & Clearing Corporation, has announced that he will retire, effective the end of February 2000.
September 13, 1999Regulators Approve NSCC, DTC IntgrationDTCC, a new holding company that will integrate two key securities industry organizations, The Depository Trust Company (DTC) and National Securities Clearing Corporation (NSCC), has received all necessary regulatory approvals to begin operation.
July 14, 1999DTC and NSCC to Become The Depository Trust & Clearing CorporationDTCC will be the new holding company name adopted by The Depository Trust Company (DTC) and the National Securities Clearing Corporation (NSCC) as part of the planned integration of the two companies. The announcement follows approval of the new name by the two boards.
June 14, 1999DTC and NSCC Name Single Slate of Directors and New Management TeamThe Depository Trust Company (DTC) and the National Securities Clearing Corporation (NSCC) announced today two significant steps toward the planned integration of the two companies: their respective boards have named a single slate of directors to serve on both boards and picked a new management team for the holding company.
