The Depository Trust Clearing Corporation Dtcc

Company Overview

The Depository Trust & Clearing Corporation (DTCC) is a United States-based company that provides financial services like clearing, settlement, and depository facilities to financial markets globally. It is one of the central organizations that play a vital role in the stability of the world's financial systems. It processes trillions of dollars in securities transactions every day, making it one of the largest financial asset depositories in the world. DTCC acts as a central counterparty for most of the equity, and over-the-counter (OTC) derivative trades settled in the U.S., thereby providing risk mitigation tools to financial institutions. It also serves as the nation's principal payment, clearing, and settlement organization for equities, fixed-income, mutual funds, and other securities.