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Depository transfer check (DTC) |
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Depository transfer check (DTC)Check made out directly by a local bank to a particular firm or person.Depository transfer check (DTC) Similar MatchesInternational Depository Receipt (IDR)International Depository Receipt (IDR)A receipt issued by a bank as evidence of ownership of one or more shares of the underlying stock of a foreign corporation that the bank holds in trust. The advantage of the IDR structure is that the corporation does not have to comply with all the issuing requirements of the foreign country where the stock is to be traded. The US version of the IDR is the American Depository Receipt (ADR). Depository Institutions Deregulation and Monetary Control ActDepository Institutions Deregulation and Monetary Control ActThe 1980 federal legislation that ended the regulation of the banking industry. Depository bankDepository bankA bank organised in the US which provides all the stock transfer and agency services in connection with a depository receipt program. This function includes arranging for a custodian to accept deposits of ordinary shares, issuing the negotiable receipts which back up the shares, maintaining the register of holders to reflect all transfers and exchanges, and distributing dividends in US dollars. Electronic depository transfersElectronic depository transfersThe transfer of funds between bank accounts through the Automated Clearing House (ACH) system. Depository receiptDepository receiptSee: ADR American Depository Receipt Further SuggestionsMBS depositoryAmerican Depository Share (ADS) Depository preferred American Depository Receipt Ratio Depository institution Depository Trust Company American Depository Receipt Fees Global Depository Receipt |
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