Masterbeat Corp (MSTO)

[Dr Blunt]

Let's first get you directed to an easy read resource outlet providing the basics about the DTC, its' obligations and share transactions with securities brokers, dealers, institutional investors, depository institutions, issuing and paying agents, and settling banks. Keep in mind without the DTC trading ~ on the brokerage side it would nearly be impossible in today's environment with the paper recording of the past. In addition this link is going to give you the short answer.

Start here (it's an easy read): but securities brokers, dealers, institutional investors, depository institutions, issuing and paying agents, and settling banks