DTCC
Business & Finance abbreviation · Stock Market & Investing
| Stands for | Depository Trust & Clearing Corporation |
|---|---|
| Categories | Business & Finance |
DTCC stands for Depository Trust & Clearing Corporation, a stock market & investing abbreviation.
US post-trade utility that clears and settles virtually all US stock and corporate bond transactions through subsidiaries such as the National Securities Clearing Corporation (NSCC) and the Depository Trust Company (DTC). It processes quadrillions of dollars of securities transactions a year.
Example: DTCC's clearing unit raised collateral demands on retail brokers during the meme-stock frenzy of January 2021.
Usage notes
The DTC holds most US securities electronically, registered under its nominee name, Cede & Co. DTCC was formed in 1999 and is owned by its member banks and brokers. It coordinated the industry's move to T+1 settlement in May 2024.
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