DTC Eligibility for Securities, Stocks and Bonds
PPM.net Services for DTC Securities
How to Make your Securities DTC Eligible
The Depository Trust & Clearing Corporation (DTCC), based primarily at 55 Water Street in New York City, a few blocks from .net’s company’s offices, is the world’s largest post-trade financial services company. DTCC, or commonly referred to as just “DTC”, was established in 1999 as a holding company to combine The Depository Trust Company (DTC) and National Securities Clearing Corporation (NSCC). It was set up to provide an efficient and safe way for buyers and sellers of securities to make their exchange, and thus “clear” and “settle” transactions. It also provides central custody of securities. .net works intimately with DTC.
DTC is user-owned and directed, and it automates, centralizes, standardizes, and streamlines processes that are critical to the safety and soundness of the world’s capital markets. Through its subsidiaries, DTCC provides clearance, settlement, and information services for equities, corporate and municipal bonds, unit investment trusts, government and mortgage-backed securities,market instruments, and over-the-counter derivatives. DTCC is also a leading processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks. DTCC’s Depository Trust Company (DTC) provides custody and asset servicing for 3.5 million securities issues, mostly stocks and bonds, from the United States and 110 other countries and territories, valued at $40 trillion, more than any other depository in the world.
If you are seeking to get DTC Eligible and need assistance in this process for your company, PPM.net’s DTC consultants can help. We have assisted scores of companies over the years achieve DTC Eligibility. PPM.net assists in creating full Bond Packages, from the offering documents to the bond creation and registration to DTC Eligibility.
Stocks and Bonds and DTC Eligible Securities