Tag: DTC

The Depository Trust Company (DTC), established in 1973, was created to reduce costs and provide clearing and settlement efficiencies by immobilizing securities and making “book-entry” changes to ownership of the securities.

DTC brings efficiency to the securities industry by retaining custody of more than 1.3 million active securities issues, including securities issued in the US and more than 131 countries and territories.

DTC provides securities movements for NSCC’s net settlements, and settlement for institutional trades (which typically involve money and securities transfers between custodian banks and broker/dealers), as well as money market instruments.

DTC Physical Securities Processing Update

DTC Physical Securities Processing Update Here is where we are at with DTC Physical Securities Processing. DTC has been changing its position on physical securities processing faster than we were able to post updates.  On April 8th, 2020 DTC announced…

DTC to Resume Physical Certificate Processing

DTC to Resume Physical Certificate Processing DTC announced late Wednesday March 26th, that it was set to resume physical certificate processing on Monday March 30th.  On Friday March 20th, DTC announced it was suspending physical certificate processing due to the…

DTC Suspends Physical Certificate Processing Due to COVID 19

DTC Suspends Physical Certificate Processing Due to COVID 19 A quick note to everyone concerning physical certificate processing by DTC.  We received the following notice from DTC after the market closed on Friday March 20th, 2019.  DTC is suspending physical…