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Depository Trust Company |
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Depository Trust CompanyIn the US, the Depository Trust Company (DTC) is a national clearing house for the settlement of trade in corporate and municipal securities and performs securities custody-related services for its participating banks and broker-dealers. DTC is owned by members of the financial industry and by their representatives who are its users. DTC is 35.1% owned by the New York Stock Exchange on behalf of the Exchange's members. It is operated by a separate management and has an independent board of directors. It is a limited purpose trust company and is a member of the Federal Reserve.Similar MatchesDepository receiptDepository receiptSee: ADR American Depository Receipt 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 preferredDepository preferredDevice enabling an issuer to circumvent an arbitrary corporate limit on the number of preferred shares issuable. Applies mainly to convertible securities. 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). American Depository Share (ADS)American Depository Share (ADS)Foreign stock issued in the US and registered in the ADR system. Further SuggestionsAmerican Depository Receipt Ratiodepository bank Electronic depository transfers American Depository Receipt Fees Depository transfer check (DTC) MBS depository Global Depository Receipt Depository institution |
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