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.
1 The creditorâs legal claim (lien or security interest) on the collateral for the debt. 2  A lien gives the creditor the right to repossess the property or force its sale if you do not pay the debt. 3  If the collateral is unavailable, the lender can sue you for the value of the collateral.