The Depository Trust & Clearing Corporation (DTCC) is a financial services company that provides clearing, settlement, and information services for securities transactions. Established in 1973, it plays a crucial role in the financial markets by ensuring that trades are processed efficiently and securely. DTCC acts as a central hub for the clearing and settlement of various financial instruments, including stocks and bonds. DTCC operates several subsidiaries, including the National Securities Clearing Corporation (NSCC) and the Depository Trust Company (DTC). These entities help reduce risks and improve the efficiency of the trading process by acting as intermediaries between buyers and sellers. Overall, DTCC enhances the stability and integrity of the financial system.