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.
Enterprise data management (EDM) in capital markets is the control plane that joins instrument, entity, account, market, calendar, SSI, and price masters so post-trade workflows share one approved version at event time.
The EU regulatory sandbox under Regulation (EU) 2022/858 that authorizes DLT-based market infrastructure under conditional exemptions from MiFID II and CSDR — three operators live as of mid-2025.