Depository Trust Company (DTC)

Definition: [crh] DTC is the world's largest central securities depository. It accepts deposits of over 2 million equity and debt securities issueDefinition: s (valued at $23 trillion) from over 65 countries for custody, executes book-entry deliveries (valued at over $Definition: 116 trillion in 2000) records book-entry pledges of those securities, and processes related income distributionsFederal Reserve System and is owned by The Depository Trust and Clearing Corporation (DTCC), which is in turn owned primaDefinition: rily by most of the major banks, broker-dealers, and exchanges on Wall Street.

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