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Depository transfer check (DTC)

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Definition of Depository transfer check (DTC)

Depository Transfer Check (DTC) Image 1

Depository transfer check (DTC)

check made out directly by a local bank to a particular firm or person.



Related Terms:

Bin transfer

A transaction to move inventory from one storage bin to another.


Depository Trust Company (DTC)

dtc is a user-owned securities depository which accepts deposits of
eligible securities for custody, executes book-entry deliveries and records book-entry pledges of securities in
its custody, and provides for withdrawals of securities from its custody.


EFT (electronic funds transfer)

Funds which are electronically credited to your account (e.g. direct deposit), or electronically debited from your account on an ongoing basis (e.g. a pre-authorized monthly bill payment, or a monthly loan or mortgage payment). A wire transfer is a form of EFT.


Electronic depository transfers

The transfer of funds between bank accounts through the Automated
Clearing House (ACH) system.


International Depository Receipt (IDR)

A receipt issued by a bank as evidence of ownership of one or more
shares of the underlying stock of a foreign corporation that the bank holds in trust. The advantage of the IDR
structure is that the corporation does not have to comply with all the regulatory issuing requirements of the
foreign country where the stock is to be traded. The U.S. version of the IDR is the American depository
Receipt (ADR).



Interplant transfer

The movement of inventory from one company location to
another, usually requiring a transfer transaction.


MBS Depository

A book-entry depository for GNMA securities. The depository was initially operated by
MBSCC and is currently in the process of becoming a separately incorporated, participant-owned, limitedpurpose
trust company organized under the State of New York Banking Law.


Depository Transfer Check (DTC) Image 2

negotiated transfer price

an intracompany charge for goods
or services set through a process of negotiation between
the selling and purchasing unit managers


Official unrequited transfers

Include a variety of subsidies, military aid, voluntary cancellation of debt,
contributions to international organizations, indemnities imposed under peace treaties, technical assistance,
taxes, fines, etc.


Preauthorized checks (PACs)

hecks that are authorized by the payer in advance and are written either by
the payee or by the payee's bank and then deposited in the payee's bank account.


Private unrequited transfers

Refers to resident immigrant workers' remittances to their country of origin as
well as gifts, dowries, inheritances, prizes, charitable contributions, etc.


Transfer agent

ndividual or institution appointed by a company to look after the transfer of securities.


Transfer Payment

A grant or gift that is not payment for services rendered.


Transfer price

The price at which one unit of a firm sells goods or services to another unit of the same firm.


Transfer price

The price at which goods or services are bought and sold within divisions of the same organization, as opposed to an arm’s-length price at which sales may be made to an external customer.


transfer price

an internal charge established for the exchange
of goods or services between organizational units
of the same company


Transfer price

The price at which one part of a company sells a product or service to
another part of the same company.


transfer time

the time consumed by moving products or
components from one place to another



Transferable put right

An option issued by the firm to its shareholders to sell the firm one share of its
common stock at a fixed price (the strike price) within a stated period (the time to maturity). The put right is
"transferable" because it can be traded in the capital markets.


Transferred-in cost

The cost that a product accumulates during its tenure in another
department that is earlier in the production process.


Treasurer's check

A check issued by a bank to make a payment. Treasurer's checks outstanding are counted
as part of a bank's reservable depostits and as part of the money supply.


Unilateral transfers

Items in the current account of the balance of payments of a country's accounting books
that corresponds to gifts from foreigners or pension payments to foreign residents who once worked in the
country whose balance of payments is being considered.


wire transfer

An electronic transmission of money from one place to another. For example, you might request that your bank transfer money from your bank account in Vancouver to the account of a relative in Quebec City. To do this, you would provide the relative’s name and account number, as well as the address of the bank in Quebec City. Your bank would then "wire" the funds, which would usually arrive within a couple of days.



 

 

 

 

 

 

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