What is real estate underwriting? When an individual or business entity seeks funding for a real estate project or purchase, the loan request is scrutinized by an underwriter to determine how much risk the lender is willing to accept.
What is the 'Depository Trust Company - DTC'. The Depository Trust Company (DTC) is one of the world's largest securities depositories. The DTC, which was founded in 1973 and is based in New York City, is organized as a limited purpose trust company and provides safekeeping through electronic recordkeeping of securities balances. It also acts like a clearinghouse to process and settle trades in corporate and municipal securities.
BREAKING DOWN 'Depository Trust Company-DTC'. The DTC emerged in the late 1960s when the New York Stock Exchange became unable to handle its trade volume, which was then in excess of 8 million shares per day.