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 Matches

International 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 Act

Depository Institutions Deregulation and Monetary Control Act

The 1980 federal legislation that ended the regulation of the banking industry.


Depository bank

Depository bank

A 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 transfers

Electronic depository transfers

The transfer of funds between bank accounts through the Automated Clearing House (ACH) system.


Depository receipt

Depository receipt

See: ADR American Depository Receipt


Further Suggestions

MBS depository
American 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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