The Depository Trust Company (DTC) is a U.S.-based securities depository providing automated services to facilitate the clearing and settlement of investments transactions. Founded in 1973, the DTC has grown to become one of the largest securities depositories in the world with over 1.3 million current securities issues valued at $87 trillion issued in 131 countries and territories across the globe. The primary purpose of the DTC is to centralize the clearing and settlement processes, lowering costs and increasing efficiency.
The DTC plays a vital role in the American securities industry. By pooling together the securities of multiple issuing companies, the DTC enables investors to purchase and transact with multiple securities without having to worry about transfer between multiple account types. This allows for significant cost savings, as well as delivering improved accuracy and faster clearing times for investments. The DTC also offers additional services, such as direct registration, underwriting, reorganization, and proxy and dividend services.
In 2021, the DTC continues to be an innovation leader in the securities industry. It is a key contributor to FINRA's regulation system and serves as the community connection between corporations, underwriters, broker-dealers, investment advisors, and investors. The DTC's many capabilities enable streamlined, cost-effective securities cleared and settled for investors. It is a trusted partner of investing professionals and a support system for the security industry.
The DTC plays a vital role in the American securities industry. By pooling together the securities of multiple issuing companies, the DTC enables investors to purchase and transact with multiple securities without having to worry about transfer between multiple account types. This allows for significant cost savings, as well as delivering improved accuracy and faster clearing times for investments. The DTC also offers additional services, such as direct registration, underwriting, reorganization, and proxy and dividend services.
In 2021, the DTC continues to be an innovation leader in the securities industry. It is a key contributor to FINRA's regulation system and serves as the community connection between corporations, underwriters, broker-dealers, investment advisors, and investors. The DTC's many capabilities enable streamlined, cost-effective securities cleared and settled for investors. It is a trusted partner of investing professionals and a support system for the security industry.