MoneyGlossary.com
Home  

Depository Trust and Clearing Corporation (DTCC)

Definition: [crh] The Depository Trust and Clearing Corporation (DTCC), through its subsidiaries, provides post-trade clearance, settlement, custody Definition: and information services for equities, corporate and municipal debt, money market instruments, AmericanDefinition: depositary receipts, exchange-traded funds, unit investment trusts, mutual funds, insurance products and other <Definition: A HREF="/?rd=securities">securities. The National Securities Clearing Corporation (NSCC) subsidiary, which acts as a centralDefinition: counterparty (CCP), provides trade guarantee, netting and risk management services for equity andDefinition: debt transactions from all U.S. stock exchanges and markets. The Depository Trust Company(DTDefinition: C) subsidiary has custody of and provides asset servicing for millions of securities issues of issuers from the U.S. and over 60 other countries. DTC serves as a major cDefinition: learinghouse for institutional post-trade settlement. DTCC's two subsidiary businesses have Standard and Poors' highest ratinDefinition: g: AAA.

<< Go back