Depository Trust Company
| Industry | Finance |
|---|---|
| Founded | 1973 |
| Headquarters | , United States |
Area served | Worldwide |
| Total assets | $54.2 trillion (2017) |
| Parent | Depository Trust & Clearing Corporation |
| Rating | Aaa (Moody's; 2020) |
| Website | www |
Depository Trust Company (DTC), founded in 1973, is a New York corporation that performs the functions of a central securities depository as part of the US National Market System. DTC annually settles transactions worth hundreds of trillions of dollars, processes hundreds of millions of book-entry deliveries, and custodies millions of securities issues worth tens of trillions of dollars issued in the United States and over 100 other countries. Since 1999 it has been a subsidiary of the Depository Trust & Clearing Corporation, a securities holding company.
DTC manages book-entry securities entitlement transfers for brokerage houses and maintains custody of global (jumbo) stock certificates and other stock certificates through its affiliated partnership nominee, Cede and Company. DTC maintains Omnibus Customer Securities Accounts for the account of the DTC Participant.
As of 2018, DTC was the world's second-largest CSD by value of securities held, behind the Federal Reserve System's Fedwire Securities Service and well ahead of Euroclear Bank.: 69