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.
-- If its not a stable asset, give priority to the secured party with expertise in that type of monitoring. 2. Signaling (weaker explanation) -- fact of willingness to give a security interest is a signal that the debtor doesn(t think he will default OR may be a signal that debtor is desperate.