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The Depository Trust Company (DTC) is one of the world's largest securities depositories. Founded in 1973 and based in New York City, the DTC is organized as a limited purpose trust company and provides safekeeping through electronic record-keeping of securities balances.

In total, the validation process and delivery process generally take about six days to complete. Generally, transfers where the delivering entity is not a broker-dealer (for example a bank, mutual fund, or credit union) will take more time.

Blanket Letter means the Blanket Issuer Letter of Representation delivered by the Issuer on June 10, 2016, and received and accepted by The Depository Trust Company ( DTC ) in order to induce DTC to act as securities depository for the Bonds.

DTC Participant - means brokers and dealers, banks, trust companies, clearing corporations and certain other organizations on whose behalf DTC was created to hold securities to facilitate the clearance and settlement of securities transactions among such parties.

A depository transfer check (DTC) is used by a designated collection bank to deposit the daily receipts of a corporation from multiple locations. ... This information is then entered into the check-processing system at the destination bank for deposit.

Most large U.S. broker- dealers and banks are DTC participants, meaning that they deposit and hold securities at DTC. DTC appears in an issuer's stock records as the sole registered owner of securities deposited at DTC.

A chill is a restriction placed by DTC on one or more of DTC's services, such as limiting a DTC participant's ability to make a deposit or withdrawal of the security at DTC. ... DTC imposes chills and freezes on securities for various reasons.

The Depository Trust Company (DTC) is one of the world's largest securities depositories. Founded in 1973 and based in New York City, the DTC is organized as a limited purpose trust company and provides safekeeping through electronic record-keeping of securities balances.