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LeoGlossary: Depository Trust Company (DTC)

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Depository Trust Company (DTC), a subsidiary of the Depository Trust & Clearing Corporation (DTCC), is one of the largest securities depositories facilitating payment and transfer of securities. Most large banks and broker-dealers are members, and the parent company, Depository Trust & Clearing Corporation, reports processing over 100 million financial transactions a day.

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