Southern Lending Solutions » DTCC http://slstechbiz.com Tue, 03 Jan 2012 18:05:43 +0000 en hourly 1 http://wordpress.org/?v=3.1.3 Understanding The DTCC http://slstechbiz.com/2010/03/understanding-the-dtcc/ http://slstechbiz.com/2010/03/understanding-the-dtcc/#comments Mon, 15 Mar 2010 13:40:08 +0000 admin http://slstechbiz.com/?p=31 The Depository Trust & Clearing Corporation was created to automate the process of clearing and settling of securities and other assets. In 2008, DTCC settled more than $1.88 quadrillion in securities transactions. The DTCC nvworks with over 110 different countries outside of the US. Prior to its creation, the transfer of securities was a labor intensive and cumbersome process involving bureaucratic red tape and  redundant security procedures.  Messengers hustled along the floors the worlds stock exchanges with envelopes tucked under their arms with the words “urgent delivery” stamped across them. The contents……..precious shares of company stock. The creation of the DTCC has enabled securities transactions all over the world in a safe and automated environment.

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Todd Rome

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