Thursday, October 05, 2017 10:19:10 AM
The Depository Trust Company (DTC) is a subsidiary of the Depository Trust & Clearing Corporation DTCC, and manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered "DTC eligible." This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors."
Me talky opinionese, no talky professional advice. Opinions are like butts: blah, blay, blah. Do your own due dilligence. Investing is awful risky and I ain't a recommender. Don't like it? Go back to shovelin coal cuz this rodeo ain't for you.
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