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Category: Depository Trust Company (DTC)

SEC Adopts The T+2 Trade Settlement Cycle

Introduction and brief summary of the rule On March 22, 2017, the SEC adopted a rule amendment shortening the standard settlement cycle for broker-initiated trade settlements from three business days from the trade date (T+3) to two business days (T+2). The change is designed to help enhance efficiency and reduce risks, including credit, market and liquidity risks,… Continue reading “SEC Adopts The T+2 Trade Settlement Cycle”

DTC Eligibility and the OTC Issuer (Part 2)

This is the second in a series of articles regarding DTC (Depository Trust Company) eligibility for OTC (Over the Counter) Issuers.  OTC Issuers include all companies whose securities trade on the over the counter market, including the OTCBB, OTCQB and Pink Sheets. All technical information in this blog comes from the DTC website. DTC Requirements for Eligibility… Continue reading “DTC Eligibility and the OTC Issuer (Part 2)”