DTC definition

DTC means The Depository Trust Company.
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DTC means The Depository Trust Company, a New York corporation.
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DTC means The Depository Trust Company or its successor.
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Examples of DTC in a sentence

  • All transactions handled Outside the Clearing Process that are not settled through DTC shall be effected by ▇.▇.

  • The Company will cooperate with the Initial Purchasers and use its best efforts to permit the Securities to be eligible for clearance and settlement through the facilities of DTC.

  • The Trust or the ETF Series shall provide to Index Receipt Agent the information and terms that are necessary to settle each transaction, including the cash value of each security settlement, unless the Trust’s or the ETF Series’ Instruction is that delivery is to be made free of payment; provided, however, that any security that is not DTC eligible shall be settled consistent with standard market practice.

  • The Trust, on behalf of each ETF Series, understands and agrees to be bound by all the rules and procedures of NSCC and DTC, as though it were the member or participant of such clearing and settlement systems.

  • Any Cash Component to a particular transaction shall be handled over the funds transfer wire (Fedwire) or as part of Index Receipt Agent’s overall daily net cash settlement at DTC.


More Definitions of DTC

DTC means The Depository Trust Company, a national clearinghouse and the central book-entry settlement system for securities traded in the United States and, as such, the custodian for the securities of DTC Participants (as hereinafter defined) maintained in DTC, and any successor thereto.
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DTC means The Depository Trust Company, the initial Clearing Agency.
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DTC means The Depository Trust Company, New York, New York.
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DTC means The Depository Trust Company, its nominees and their respective successors and assigns, or such other depositary institution hereinafter appointed by the Company that is a clearing agency registered under the Exchange Act.
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DTC shall have the meaning specified in Section 2.3.
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DTC shall have the meaning ascribed to such term in Section 2(b)(vii).
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DTC means The Depository Trust Company of New York, New York, or any successor securities depository.
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