I’m not sure you really know how it works to be honest. If you do not know this you don’t k ow what you are talking about
The multi-trillion dollar secret works like this: The Depository Trust Company is a private bank for securities. Every other financial organisation in the US, bankers and brokerage houses, is obliged to secure membership with DTC.
Like the Federal Reserve, DTC is a private company entrusted with national responsibility. It processes all stock and paper securities for every US bank and brokerage house.
I’m not sure you really know how it works to be honest. If you do not know this you don’t k ow what you are talking about
The multi-trillion dollar secret works like this: The Depository Trust Company is a private bank for securities. Every other financial organisation in the US, bankers and brokerage houses, is obliged to secure membership with DTC.
Like the Federal Reserve, DTC is a private company entrusted with national responsibility. It processes all stock and paper securities for every US bank and brokerage house.