The Depository Trust Company (DTC), DTCC’s central securities depository subsidiary, provides asset servicing capabilities for virtually all U.S securities. The payment and transfer of securities ownership occurs at DTC, which provides custody and asset servicing for 1.4 million security issues from more than 170 countries and territories valued at US $85 trillion as of 2023. Asset services include underwriting, corporate actions processing, securities processing, global tax services and issuer services.