What is Depository Trust & Clearing Corporation (DTCC)?

The Depository Trust & Clearing Corporation (DTCC), along with the National Securities Clearing Corporation (NSCC) and other subsidiaries, provides institutional investors in the U.S. with post-trade clearing and settlement and other services. DTCC also provides asset custody for securities issuers from more than 60 other countries. The company also offers services related to municipal and corporate debt, mutual funds, equities, derivatives, unit investment trusts, insurance offerings, and U.S. depository receipts. The DTCC is the world's largest financial processor and is responsible for settling most of the securities transactions in the U.S.