Depository Trust & Clearing Corporation

The Depository Trust and Clearing Corporation (DTCC) is a user-owned and governed clearing house that helps participants with clearing services of a variety of asset classes. The Depository Trust and Clearing Corporation (DTCC) consists of several subsidiaries, including the Depositary Trust Company (DTC) and the National Securities Clearing Corporation (NSCC), to facilitate the movement of securities for net settlement. The corporation plays a central role in settling transactions between buyers and sellers of securities, reducing risks, and protecting the integrity of the global financial markets. The NSCC gives the DTCC the settlement guidelines and the DTCC ensures the smooth transfer of funds from the buyer to the seller.

The DTC was founded by William T. Dentzer in the 1970's to address the overwhelming amount of transaction recording and paperwork on Wall Street. It was combined with the NSCC in 1999 to form the DTCC, and has grown into solving other operational challenges along with other DTCC subsidiaries by standardizing, centralizing, and automating office procedures for processing financial transactions.

The DTCC serves as the centralized clearinghouse for US capital market and operates the global trade repository for the derivatives market, with data centers in sixteen countries.

• Institutional trade processing
• Clearing services
• Settlement and asset services
• Wealth management services
• Repository and derivatives services
• Data services
• Corporate Actions Processing
• Issuer Services
• Underwriting Services
• Global Tax Services