What is the 'Depository Trust Company - DTC'. The Depository Trust Company (DTC) is one of the world's largest securities depositories. The DTC, which was founded in 1973 and is based in New York City, is organized as a limited purpose trust company and provides safekeeping through electronic recordkeeping of securities balances.
To be prepetition property, the security interest must attach to the property. A security interest attaches to personal property upon satisfaction of three requirements: (1) the parties have an adequate security agreement, (2) the secured party gives value, and (3) the debtor has rights or the power to transfer rights in the personal property.
perfect your security interest in the collateral (by filing a UCC -1 financing statement) before the debtor receives possession of the goods or within 20 days thereafter; or in the case of inventory, you must o perfect the PMSI before the seller receives the goods and, o if a conflicting security interest exists,