Glossary
Every term between trade and settlement.
The DTC transfer-agent program that supports electronic book-entry position movement by replacing repeated physical certificate movement with controlled FAST balances.
A context-dependent DTC term covering reorganization announcement data in corporate actions and Receiver Authorized Delivery controls in settlement.
e settlement system operated by the Depository Trust Company (DTC) that executes final book-entry delivery-versus-payment transfers of US securities after NSCC clearing, with end-of-day cash finality through the Federal Reserve.
The daily DTC operating cycle where book-entry delivery instructions are processed, risk-checked, recycled, and finalized.
The distinction between NSCC as the clearing and netting layer and DTC as the depository and book-entry settlement layer.
A DTC service enabling the conversion of book-entry securities into on-chain tokenized entitlements for T+0 settlement and automated collateral management under a 2025 SEC No-Action Letter.
Dual-rail settlement architecture runs traditional Fedwire and digital USDC settlement in parallel under a single system of record, unified compliance overlay, and automated rail routing.