The Depository Trust & Clearing Corporation (DTCC)

The Depository Trust & Clearing Corporation (DTCC) provides electronic financial services, primarily focusing on post-trade market infrastructure for the global financial services industry. They offer a wide range of services including securities clearing, settlement services, and risk management solutions.

Payment services

DTCC does not directly offer typical payment services like online or mobile payments as a consumer bank would. Instead, they provide clearing and settlement services that are crucial for the completion of financial transactions in the securities markets.

Payment transactions

DTCC facilitates various types of payment transactions related to securities trading. This includes the settlement of trades, where the ownership of securities is transferred in exchange for payment. They handle millions of securities transactions daily, ensuring efficient and secure processing in financial markets.