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.
To be prepetition property, the security interest must attach to the property. A security interest attaches to personal property upon satisfaction of three requirements: (1) the parties have an adequate security agreement, (2) the secured party gives value, and (3) the debtor has rights or the power to transfer rights in the personal property.
a security interest in NONCONSUMER goods ie. goods that were not bought or used for personal, family or household purposes, does NOT lose its status as a PMSI IF. 1. the security interest also is secured by property that was not purchased with the loan money or credit i.e. if the security interest is also secured by after-acquired property.