HOW DOES AN ISSUE BECOME ELIGIBLE AT DTC. For an underwritten offering, a DTC participant submits a request to make a security eligible for DTC services. ... An issuer seeking for an issue to become DTC eligible should work through a DTC participant that is willing to sponsor the eligibility process for the security.

How does a DTC transfer work?

What Is a Depository Transfer Check? A depository transfer check (DTC) is used by a designated collection bank to deposit the daily receipts of a corporation from multiple locations. Depository transfer checks are a way to ensure better cash management for companies, which collect cash at multiple locations.

What does Depository Trust Company do?

The Depository Trust Company (DTC) is one of the world's largest securities depositories. Founded in 1973 and based in New York City, the DTC is organized as a limited purpose trust company and provides safekeeping through electronic record-keeping of securities balances.