Home

Comment: "Follow Your Money." DTCC clears $2 quadrillion. Where'd it go?

(See in situ)


"Follow Your Money." DTCC clears $2 quadrillion. Where'd it go?

Submitted by Mark Twain on Tue, 01/29/2013 - 22:13.

"Follow Your Money." DTCC clears most payments. $2 quadrillion each year. Submitted by Mark Twain 01/29/2013

Where does your money go?z DTCC knows. They settle bank to bank transactions. $2 quadrillion per annum (this page shows $1.66 quadrillion; varies by & by).

    "$4 Billion per day of DTCC repo transactions mentioned in first few seconds. This is but a peek of what flows through this gargantuan cash machine. Newsreel form DTCC about themselves.

    DTCC's depository provides custody and asset servicing for more than 3.6 million securities issues from the United States and 121 other countries and territories, valued at US $36.5 trillion. In 2010, DTCC settled nearly US $1.66 quadrillion in securities transactions.

Do you know where your money is?

—

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul ☑