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LSDefine

Simple English definitions for legal terms

Depository Trust Corporation

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A quick definition of Depository Trust Corporation:

Depository Trust Corporation: The Depository Trust Corporation, also known as DTC, is a central clearing agency that helps with securities transactions on public markets. It is an important organization that helps ensure that buying and selling stocks and other securities happens smoothly and efficiently.

A more thorough explanation:

The Depository Trust Corporation (DTC) is a central clearing agency for securities transactions on public markets. It is responsible for settling trades and holding securities in custody for its participants.

For example, when an investor buys or sells a stock, the transaction is processed through the DTC. The DTC ensures that the trade is settled properly and that the securities are transferred to the appropriate parties.

The DTC is an important part of the financial system because it helps to ensure the smooth functioning of the securities markets. By providing a centralized clearing and settlement system, the DTC helps to reduce risk and increase efficiency in the trading process.

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starfishies
10:54
i wish i saw that before i made my notion board
10:55
Just lay there and llama will do all the work
triplethread
11:05
i want mac and cheese really bad
1a2b3c4d26z
11:06
What dish is everyone most excited for on thanksgiving
11:06
stuff your face, queen
snow
11:08
pecan pie
babycat
11:09
your mom
triplethread
11:10
thats really hard to pick. my mom is from Jamaica so probably oxtail. its like a roast beef over rice. really yummy
1a2b3c4d26z
11:11
yummmmm
snow
11:11
i just impulsively bought an ipad with a pencil for law school
babycat
11:11
can we talk about jack schlossberg. sexy
triplethread
11:11
undergrad gave those for free i used my ipad as a coaster
11:11
@snow: nice. do NOT do what I did and grab it by one corner (mine shattered)
snow
11:11
i wont!
snow
11:12
and yall got free ipads @thread???
babycat
11:12
mom sent me his instagram thirst trap
babycat
11:12
but I don’t like that he spelled goyim goyum
triplethread
11:13
yes free ipads and apple pencils
11:13
Im all ready for a tryptophene coma turkey is so dry but its great w/ cranberry/honey glazzeee
triplethread
11:13
perks of going to a big 10 school
snow
11:13
wtf
snow
11:13
i went to a big 12 school and we didnt get shit
11:13
@triplethread: thats nothing my UG bought us apple cloths as tissues #richug
triplethread
11:13
we also got a bunch of free nike stuff too
snow
11:14
were you an athlete?
triplethread
11:14
no
snow
11:14
thats nuts
triplethread
11:14
it was awesome we all got backpacks and dry fit stuff with osu logos i still wear my stuff
triplethread
11:15
you have to remember its not really free
triplethread
11:15
it feels free but its all in tuition somewhere
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