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Settlement

The Depository Trust Company (DTC), the central securities depository subsidiary of DTCC, provides settlement services for virtually all broker-to-broker equity and listed corporate and municipal debt securities transactions in the U.S., as well as institutional trades, money market instruments and other financial obligations. Settlement, a consolidated end-of-day process and the final step of a securities trade, completes the transfer between trading parties of securities ownership and cash.

The Depository Trust Company (DTC), the central securities depository subsidiary of DTCC, provides settlement services for virtually all broker-to-broker equity and listed corporate and municipal debt securities transactions in the U.S., as well as institutional trades, money market instruments and other financial obligations. Settlement, a consolidated end-of-day process and the final step of a securities trade, completes the transfer between trading parties of securities ownership and cash.

Settlement

End-of-day net funds settlement is conducted through settling banks that act on behalf of participants, so that funding occurs via a single transmission, called the National Settlement Service (NSS), to the Federal Reserve.

DTC’s Settlement Service for equity, corporate debt and municipal debt securities transactions consolidates and facilitates end-of-day net funds settlement of a participant’s net debits and credits.

The Depository Trust Company’s Inventory Management System (IMS) enables participants to centrally manage their settlement deliveries.

Institutional Delivery Netting Service (ID Net) extends the benefits of netting to institutional trade settlement.

Money Market Instruments (MMIs) are one of the largest asset classes in terms of value settled by DTC and play a critical role in the financial industry.

The DTCC Commercial Paper and Institutional Certificates of Deposit Data Service (CP/Institutional CD) is a compiled data set of CP/Institutional CD transactions that are settled at The Depository Trust Company (DTC).

The Pre-Issuance Messaging Service (PIM) enables Dealers and issuing paying agent (IPA) banks that service money market instrument (MMI) securities to communicate issuance instructions prior to market issuance.

DTCC’s Canadian-Link Services with the CDS Clearing and Depository Services Inc. (CDS) provide a broad range of services supporting settlement and corporate actions including dividend, redemption and reorganization services.

SMART/Track provides a centralized communications hub for the transmission of various message types between participants.

SMART/Track Corporate Action Liability Notification Service,  a centralized communications hub, tracks liability notifications between participants on voluntary action events.

SMART/Track for Agency Lending Disclosure is a centralized communications hub that transmits open loan data between lenders and borrowers.

SMART/Track provides a centralized communications hub for the transmission of various message types between participants.

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