DTC

DTC serves as the central securities depository for virtually all publicly traded US securities, holding over $80 trillion in assets. The organization provides electronic book-entry settlement, eliminating the need for physical certificate movement in most transactions. DTC operates sophisticated systems supporting automated settlement, corporate actions processing, and participant connectivity. The company provides various services including custody, settlement, asset services, and underwriting support for new issues. DTC revolutionized US securities markets by moving from paper-based to electronic systems, dramatically reducing settlement risk and operational costs. The organization coordinates with other DTCC subsidiaries to provide integrated clearing and settlement services across asset classes.