Category: DTC Eligibility

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EDT
DTC Eligibility is a term used when the securities of a public company become eligible for deposit into the DTC. DTC stands for the Depository Trust Company, which was founded in 1973 and is currently the largest depository in the world. Once securities are DTC eligible, brokers are able to easily process and clear transactions, […]
EDT
The Depository Trust and Clearing Corporation (DTC) recently proposed Rule SR-DTC-2015-012 regarding CUSIP eligibility that went into effect on January 1st, 2016. The proposed rule allows DTC to charge issuers a $1,000 fee when required to make a new CUSIP DTC eligible after completion of a corporate action. A CUSIP is similar to a serial […]