The Depository Trust & Clearing Corporation
- The Depository Trust & Clearing Corporation
-
The Depository Trust & Clearing Corporation (DTCC)
USA
The DTCC also offers securities safekeeping services for many different types of securities. The DTCC is owned by its customers, who are securities industry participants including banks, broker-dealers, mutual funds and other financial institutions, and operates at an at-cost basis by returning excess revenue to its member firms.
Each DTCC subsidiary operates independently and is self-funded by user fees. The six DTCC subsidiaries are the:
• DTC.
• Fixed Income Clearing Corporation (FICC) .
• European Central Counterparty Ltd. (EuroCCP) .
Practical Law Dictionary. Glossary of UK, US and international legal terms.
www.practicallaw.com.
2010.
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