a member of the US Federal Reserve System and an SEC clearing agency that brings efficiency to the Securities industry by retaining custody of millions of Securities issues, effectively “dematerializing” most of them so that they exist only as electronic files rather than as countless pieces of paper. What this means is a securities holder does not have to keep actual physical Securities in the safe. Instead, DTC takes custody of the Security (which is placed in DTC’s vault) and then keeps an electronic record of who the real owners of the Security are.
Latham & Watkins is pleased to provide our Book of Jargon® — Hedge Funds. The Book of Jargon® — Hedge Funds
is a comprehensive glossary of hedge fund slang, legal and regulatory terminology, and acronyms.
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