The Depository Trust Co. Dec 11
Standard & Poors, December 2011
Abstract
Effective monopoly as the central securities depository in the U.S. Rigorous risk management policies and procedures and strong financial safeguards Strong support from members and implied support from broader markets owing to its central role in the infrastructure of the U.S. capital markets Moderate degree of operating leverage Standard & Poor's Ratings Services ratings on The Depository Trust Co. (DTC) reflect the low risk of the company's core operations and the strong risk management controls that protect it from counterparty credit and operational losses. DTC is the central securities depository for virtually all corporate and municipal securities in the U.S., including equity securities, corporate and municipal debt, and money market instruments (MMIs). The company plays a critical role supporting the...
Companies mentioned in this report are: The Depository Trust Company,National Securities Clearing Corporation,Fixed Income Clearing Corp.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
The Depository Trust Company,National Securities Clearing Corporation,Fixed Income Clearing Corp.
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