The DTC number is a number issued in connection with transactions involving the Depository Trust Company. The number, known as an International Securities Identification Number, or ISIN, is necessary for corporations seeking DTC listing.
The DTC is responsible for holding about 3.5 million securities worth trillions of dollars, including U.S. and international securities. The DTC is in charge of activities such as deposit and withdrawal services, transaction division, proxy and reorganisation services, custody and safekeeping, underwriting, and direct registration of stocks.
The DTC, which is headquartered in New York and was founded in 1973, offers safeguarding of security balances via electronic bookkeeping. In addition to serving as a clearinghouse, the DTC processes trading in municipal and corporate securities.
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