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Depository Trust & Clearing Corporation

1973 establishments in New York City1999 establishments in New York City1999 establishments in the United StatesAmerican companies established in 1999Central securities depositories
Companies based in New York CityCompanies established in 1999Financial services companies based in New York CityFinancial services companies established in 1999Financial services companies of the United StatesHolding companies established in 1999Payment systemsSecurities clearing and depository institutionsSelf-regulatory organizations in the United States

The Depository Trust & Clearing Corporation (DTCC) is an American post-trade financial services company providing clearing and settlement services to the financial markets. It performs the exchange of securities on behalf of buyers and sellers and functions as a central securities depository by providing central custody of securities. DTCC was established in 1999 as a holding company to combine The Depository Trust Company (DTC) and National Securities Clearing Corporation (NSCC). User-owned and directed, it automates, centralizes, standardizes, and streamlines processes in the capital markets. Through its subsidiaries, DTCC provides clearance, settlement, and information services for equities, corporate and municipal bonds, unit investment trusts, government and mortgage-backed securities, money market instruments, and over-the-counter derivatives. It also manages transactions between mutual funds and insurance carriers and their respective investors. In 2011, DTCC settled the vast majority of securities transactions in the United States and close to $1.7 quadrillion in value worldwide, making it by far the highest financial value processor in the world. DTCC operates facilities in the New York metropolitan area, and at multiple locations in and outside the United States.

Excerpt from the Wikipedia article Depository Trust & Clearing Corporation (License: CC BY-SA 3.0, Authors).

Depository Trust & Clearing Corporation
Water Street, New York Manhattan

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N 40.7032 ° E -74.0091 °
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55 Water Street

Water Street 55
10004 New York, Manhattan
New York, United States
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1 Hanover Square
1 Hanover Square

1 Hanover Square (also known as India House, Hanover Bank Building, and New York Cotton Exchange Building) is a commercial building on the southwestern edge of Hanover Square in the Financial District of Lower Manhattan in New York City. It was the site of the United States' first cotton futures exchange, the New York Cotton Exchange. 1 Hanover Square is composed of four originally separate structures. The main structure is a three-story brownstone building designed in the Italian Renaissance style and completed in 1854. The brownstone contains the building's main entrance facing Hanover Square. Adjoining the brownstone are three brick structures at 60–64 Stone Street, which date to 1836 and were built as commercial stores. The brick buildings are four stories tall but are the same height as the brownstone. Inside are maritime-themed spaces that are used by Harry's Bar, Ulysses Folk House, and the India House club. The brownstone initially served as the headquarters of the Hanover Bank, while other commercial tenants occupied the brick buildings. The New York Cotton Exchange, founded in 1870, occupied the building from 1872 to 1885. The building subsequently served as the headquarters of W.R. Grace and Company until the early 1910s. In 1914, the structures were purchased by the India House, a private club for gentlemen involved in foreign commerce, which continues to occupy the building. Over the years, various architects have made renovations to 1 Hanover Square, with the three Stone Street stores being gradually combined with the brownstone structure between the 1870s and 1910s. Restaurants have also been housed in various portions of 1 Hanover Square throughout its history. 1 Hanover Square's design, especially in regard to its later use as the India House clubhouse, has received critical acclaim. The building was designated a city landmark by the New York City Landmarks Preservation Commission (LPC) in 1965 and was added to the National Register of Historic Places (NRHP) in 1972. The building also became a National Historic Landmark in 1977. It is a contributing property to the Stone Street Historic District, which was designated by the LPC in 1996 and by the NRHP in 1999. 1 Hanover Square has also been depicted in works of popular culture, including the 2001 film Kate & Leopold.

Stone Street (Manhattan)
Stone Street (Manhattan)

Stone Street is a short street in the Financial District of Manhattan in New York City. It runs in two sections between Whitehall Street in the west and Hanover Square in the east. The street originally ran as one continuous roadway from Whitehall Street to Hanover Square, but the section between Broad Street and Coenties Alley was eliminated in 1980 to make way for the Goldman Sachs building at 85 Broad Street. The one-block-long western section between Whitehall and Broad Streets carries vehicular traffic, while the two-block-long eastern section between Coenties Alley and Hanover Square is a pedestrian zone. Stone Street is one of New York's oldest streets, incorporating two 17th-century roads in the Dutch colony of New Amsterdam. In 1658 it became the first cobbled street in New Amsterdam. Following the British conquest of the colony, the street was called Duke Street before being renamed Stone Street, for its cobblestone paving, in 1794. Many of the early structures around Stone Street were destroyed in the Great Fire of 1835, after which Stone Street was redeveloped with stores and lofts for dry-goods merchants and importers. Following many decades of neglect, Stone Street was restored in the late 20th century and the eastern section became a restaurant area. Stone Street contains several prominent structures, including 1 Hanover Square, a National Historic Landmark. The eastern portion of the street and the surrounding buildings are designated as the Stone Street Historic District, which is both listed on the National Register of Historic Places and protected by the New York City Landmarks Preservation Commission. In addition, the remaining portions of the street are part of the Financial District's street layout, a city landmark.