Depository Trust and Clearing Corporation (DTCC) - Meaning

23Nov, 23

Depository Trust and Clearing Corporation (DTCC) - Meaning

A holding company consisting of five clearing corporations and one depository, making it the world's largest financial services corporation dealing in post-trade transactions. The DTCC provides clearance, settlement and information services for equities, corporate and municipal bonds, unit investment trusts, government and mortgage-backed securities, money market instruments and Over-the-Counter (OTC) derivatives. It also manages transactions between mutual funds and insurance carriers and their respective investors.