Transfers of beneficial ownership are handled through electronic debits and credits from one depository
participant to another.
Trust & Clearing Corporation (DTCC), through its subsidiaries, provides clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments and over-the-counter derivatives.
The actual goals of the depository
are far less dramatic than secession, and any movement of gold from New York to Texas is less certain than Abbott originally conveyed.
The agencies, in consultation with FinCEN, also encourage depository
institutions to be reasonable in their approach to verifying the identity of individuals temporarily displaced by Hurricane Katrina.
taxes include payroll taxes, such as income tax withholding and the employee and employer portions of FICA, as well as the estimated income tax payments many taxpayers must make.
Additional sources for debt service include debt service reserve funds that were funded in connection with the series 2002 and series 2005 bonds, and depository
agreements between the developer, the district and the depository
bank pursuant to which the developer establishes a line of credit (LOC) with the bank at closing in an amount equal to 10% of the par amount of the bonds.
5 billion, operates one depository
institution, State Bank, with branches in Wisconsin and Illinois.
6302(h), which required the Service to phase in an EFT payment system for the collection of Federal depository
The agreement provides a legal and business framework under which DTCC and CDC can exchange information and explore opportunities to promote cross-border investment through cooperation in depository
and clearing operations.
9) The Board has carefully reviewed the competitive effects of the proposal in this banking market in light of all the facts of record, including the number of competitors that would remain in the market, the relative shares of total deposits in depository
institutions in the market ("market deposits") controlled by Citizens Bank and First National Bank, (10) the concentration level of market deposits and the increase in this level as measured by the Herfindahl-Hirschman Index ("HHI") under the Department of Justice Merger Guidelines ("DOJ Guidelines"), (11) and other characteristics of the market.
Trust Company (DTC) is a member of the U.
With the exit of the Reserve Banks, depository
institution customers of the noncash collection service could instead use a private-sector service provider, such as the Depository
Trust Company or a correspondent bank, to collect their definitive municipal bonds and coupons or could present these items for payment directly to the paying agent.
TOKYO & BOSTON & LONDON -- Omgeo, the leading provider of trade management solutions, and JASDEC, the Japanese central securities depository
(CSD), today announced a link between their respective services that will streamline trade processing and drastically increase Japanese market efficiency.
The federal bank and credit union regulatory agencies announced on February 18, 2005, final joint guidance to assist insured depository
institutions in the disclosure and administration of overdraft protection programs.
STOCKHOLM, Sweden -- OMX (STO:OMX) and Eignarhaldsfelagid Verdbrefathing hf (EV), the owner of Iceland Stock Exchange (ICEX) and Icelandic Securities Depository
(ISD) have signed a Letter of Intent regarding an acquisition of EV.