Replies to post #570602 on Mr Cooper Group Inc (COOP)

[wamugold]

Quote: "special paying agent to assist with subsequent distributions as in the DTC?
Makes sense as they and Kosturos would qualify."

==> AZ is Right <== ==> Ron is Right <==

DTCC's subsidiary, The Depository Trust Company (DTC), established in 1973, was created to reduce costs and provide clearing and settlement efficiencies by immobilizing securities and making "book-entry" changes to ownership of the securities.

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.

AGAIN ==> AZ is Right <== ==> Ron is Right <==