The Depository Trust and Clearing Corporation (DTCC) primarily provides custody and asset servicing for securities issues from outside the United States. brings efficiency by netting transactions between brokers, dealers, mutual funds, insurance companies and other large investors. brings efficiency by acting as an indirect holder of most stock and bond certificates via the commercial book-entry system (CBES). has three tiers, one for the U.S. Federal Reserve, one for depository institutions and one for brokers, dealers and others who hold accounts for individual investors.
The Depository Trust and Clearing Corporation (DTCC) primarily provides custody and asset servicing for securities issues from outside the United States. brings efficiency by netting transactions between brokers, dealers, mutual funds, insurance companies and other large investors. brings efficiency by acting as an indirect holder of most stock and bond certificates via the commercial book-entry system (CBES). has three tiers, one for the U.S. Federal Reserve, one for depository institutions and one for brokers, dealers and others who hold accounts for individual investors.
Business/Professional Ethics Directors/Executives/Acct
8th Edition
ISBN:9781337485913
Author:BROOKS
Publisher:BROOKS
Chapter8: Subprime Lending Fiasco-ethics Issues
Section: Chapter Questions
Problem 12Q
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- The Depository Trust and Clearing Corporation (DTCC)
- primarily provides custody and asset servicing for securities issues from outside the United States.
- brings efficiency by netting transactions between brokers, dealers, mutual funds, insurance companies and other large investors.
- brings efficiency by acting as an indirect holder of most stock and bond certificates via the commercial book-entry system (CBES).
- has three tiers, one for the U.S. Federal Reserve, one for depository institutions and one for brokers, dealers and others who hold accounts for individual investors.
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