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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Asked Oct 7, 2019
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  • The Depository Trust and Clearing Corporation (DTCC)

 

  1. primarily provides custody and asset servicing for securities issues from outside the United States.
  2. brings efficiency by netting transactions between brokers, dealers, mutual funds, insurance companies and other large investors.
  3. brings efficiency by acting as an indirect holder of most stock and bond certificates via the commercial book-entry system (CBES).
  4. 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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Expert Answer

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DTCC (Depository Trust and Clearing Corporation) was created with the aim to increase capital efficiency. National Securities Clearing Corporation (NSCC), a subsidiary of D...

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