Depository Trust Company and Pip: Difference between pages

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''US.''
1.  


(DTC).
The most junior digit in a foreign currency quotation.


A subsidiary of the Depository Trust & Clearing Corporation (DTCC), the DTC is an automated central securities depository. 


It is a member of the US Federal Reserve System, a limited-purpose trust company under New York State banking law and a registered clearing agency with the Securities and Exchange Commission.  
2.
 
More generally, a minimum price movement for any quoted instrument or asset.




== See also ==
== See also ==
* [[Central securities depository]]
* [[Basis point]]
* [[DTCC]]
* [[Securities and Exchange Commission ]]
* [[Trust]]
 
[[Category:Cash_management]]

Revision as of 13:30, 21 August 2013

1.

The most junior digit in a foreign currency quotation.


2.

More generally, a minimum price movement for any quoted instrument or asset.


See also