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DTC's Settlement Department is responsible for overseeing the process of the settlement of Participant transactions. Specifically, the Settlement Department:

  • Ensures the collection/disbursement of Participant net settlement obligations and credits through the Fedwire system
  • Ensures that major components of DTC's Settlement Service are updating/processing in a timely manner
  • Helps resolve problems affecting the settlement process
  • Grants input extensions when processing problems arise
  • Provides backup to the extent possible when Participant systems go down
  • Answers questions regarding all aspects of settlement processing
  • Processes deposits and withdrawals of Federal book-entry eligible securities.

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