Replies to post #179194 on Andiamo Corp. (ANDI)

[stockseekerok]

Kinda yes, the DTC holds the actual shares, the DTC is responsible to report what shares are covered and what are not by the Settlement date

DTC's core services include:

Settlement Services
Corporate Actions Processing
Securities Processing
Issuer Services
Underwriting Services
Global Tax Services

DTCC's Settlement Services, offered through DTC, reduce cost and risk and boost efficiencies in the marketplace by providing end-of-day net settlement obligations for clients resulting from trading activity in equities, debt and money market instruments. Asset Servicing, also offered through DTC, offers a broad range of services for underwriting, custody, corporate actions, dividend, proxy and reorganization services, as well as the electronic registration and transfer of securities.