depository trust company
51Automated Customer Account Transfer Service - ACATS — A system that facilitates the transfer of securities from one trading account to another at a different brokerage firm or bank. The National Securities Clearing Corporation (NSCC) developed the ACATS system, replacing the previous manual asset… …
52Banking And Securities Industry Committee - BASIC — A committee established in 1970 to standardize, automate and streamline stock certificate and options processing. The Banking and Securities Industry Committee (BASIC) sought to uphold uniform rules and regulations regarding the trading and… …
53Chill — Special restrictions that can be placed on a given security by the Depository Trust Company (DTC). Chill restrictions are intended to limit the potential for problems within the financial marketplace, and can be placed on a security for various… …
54Dematerialization - DEMAT — The move from physical certificates to electronic book keeping. Actual stock certificates are slowly being removed and retired from circulation in exchange for electronic recording. With the age of computers and the Depository Trust Company,… …
55Deposit/Withdrawal at Custodian - DWAC — One of the two ways of electronically transferring securities between broker/dealers and the Depository Trust Company (DTC). The Deposit/Withdrawal at Custodian (DWAC) and Direct Registry System (DRS) methods enable investors to hold securities… …
56WCDTC — West Canada Depository Trust Company (Business » General) …
57Globalanleihe — Globalanleihe, Bezeichnung für eine Anleihe mit hohem Emissionsvolumen, die überwiegend von staatlichen oder supranationalen Institutionen herausgegeben wird. Bei Globalanleihen kann entweder der weltumspannende Handel (Handel erfolgt über… …
58Cede & Co. — Nominee name for The Depository Trust Company, a large clearing house that holds shares in its name for banks, brokers and institutions in order to expedite the sale and transfer of stock. Bloomberg Financial Dictionary …
59custodian bank — Applies mainly to international equities. Bank or other financial institution that keeps custody of stock certificates and other assets of a mutual fund, individual, or corporate client. Bloomberg Financial Dictionary See: Depository Trust… …
60same-day funds settlement — ( SDFS) A method of settlement used in trading between well collateralized parties in good the same day federal funds used by the Depository Trust Company for transactions in US government securities, short term municipal notes, medium term… …
