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BREAKING DOWN 'Depository Trust Company - DTC'
The settlement services that the DTC provides are designed to lower costs and risk as well as increase the efficiency of the market. It offers net settlement obligations at the end of each day from trading in equity, debt and money market instruments. The DTC also provides asset servicing, along with a range of services.

Most of the country’s biggest broker-dealers and banks are DTC participants. That means that they deposit and hold securities at the DTC, which appears in the records of an issuer’s stock as the sole registered owner of those securities deposited at the DTC. The participants — the banks and the brokers-dealers — own a proportionate interest in the aggregate shares of an issuer held at DTC. For example, Bank X may contain a proportion of the group of shares of Stock BB that are being held in custody at the DTC.



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