The Depository Trust & Clearing Corporation visits the NYSE. In honor of the occasion, Don Donahue, Chairman and CEO rings The Closing Bell®.
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ABOUT THE DEPOSITORY TRUST & CLEARING CORPORATION
Formed in November 1999, The Depository Trust & Clearing Corporation (DTCC) acts as the central infrastructure supporting the U.S. and overseas capital markets. Clearing and settling more than $1.88 quadrillion in securities transactions last year, DTCC has played a central role in bringing safety, soundness, and transparency to the financial industry. The company has grown in the last 10 years to encompass seven subsidiaries, including four clearing corporations that underpin the global financial marketplace. DTCC provides clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments and over-the-counter derivatives. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with financial firms and third parties who market these products. DTCC's depository provides custody and asset servicing for more than 3.5 million securities issues from the United States and 110 other countries and territories, valued at $27.6 trillion. DTCC has operating facilities in multiple locations in the United States and overseas. For more information on DTCC, visit www.dtcc.com. (Source: DTCC)
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