|
|
Depository Trust Company |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
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 MatchesAmerican Depository Share (ADS)American Depository Share (ADS)Foreign stock issued in the US and registered in the ADR system. Global Depository ReceiptGlobal Depository ReceiptA receipt denoting ownership of foreign-based corporation stock shares which are traded in numerous capital markets around the world. MBS depositoryMBS depositoryA book-entry depository for GNMA securities. The depository was initially operated by MBSCC and is now a separately incorporated, participant-owned, limited-purpose trust company organized under the State of New York Banking Law. Depository transfer check (DTC)Depository transfer check (DTC)Check made out directly by a local bank to a particular firm or person. 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). Further SuggestionsDepository receiptElectronic depository transfers Depository Institutions Deregulation and Monetary Control Act American Depository Receipt Ratio Depository institution depository bank American Depository Receipt Fees Depository preferred |
|
|
|