Depository Trust Corporation

Depository Trust & Clearing Corporation

Type	Private
Industry	Finance
Genre	Holding company
Founded	DTCC (1999) – holding company for DTC (1973) and NSCC (1976)
Headquarters	55 Water Street New York City, U.S.
Number of locations	10
Key people	Robert Druskin, Executive Chairman, Michael C. Bodson, President & CEO
Services	financial
Revenue	US$960,249,000 (2009)
Net income	US$ 104,774,000 (2009)
Total assets	US$3,573,790,000
Total equity	US $501,326,000
Owner	banks, brokers
Subsidiaries	NSCC DTC FICC DTCC Deriv/SERV LLC DTCC Solutions LLC EuroCCP Ltd. DTCC Loan/SERV LLC Warehouse Trust Company LLC DTCC Derivatives Repository Ltd.
Website	www.dtcc.com

The Depository Trust & Clearing Corporation or Depository Trust Clearing Corporation (DTCC or DT&CC) is an American post-trade financial services company providing clearing and settlement services to the financial markets. It performs the exchange of securities on behalf of buyers and sellers and functions as a central securities depository by providing central custody of securities.

DTCC was established in 1999 as a holding company to combine The Depository Trust Company (DTC) and National Securities Clearing Corporation (NSCC). User-owned and directed, it automates, centralizes, standardizes, and streamlines processes in the capital markets. Through its subsidiaries, DTCC provides clearance, settlement, and information services for equities, corporate and municipal bonds, unit investment trusts, government and mortgage-backed securities, money market instruments, and over-the-counter derivatives. It also manages transactions between mutual funds and insurance carriers and their respective investors.

In 2011, DTCC settled the vast majority of securities transactions in the United States and close to $1.7 quadrillion in value worldwide, making it by far the highest financial value processor in the world. DTCC operates facilities in the New York metropolitan area, and at multiple locations in and outside America.