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.
An attachÃ© is a thin briefcase used for carrying papers. It is sometimes called an attachÃ© case. You may notice that in spy movies, an attachÃ© is often swapped out by the bad guy, and then the good guy spends the rest of the movie trying to get it back. AttachÃ© comes from the French attacher, which literally means attached, and it was first applied to someone working for a diplomat, such as a junior officer. Now an attachÃ© is a technical expert assigned to the staff of a diplomatic mission.