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.
CORPORATIONS ACT 2001 - SECT 608. Relevant interests in securities. Basic rule--relevant interest is holding, or controlling voting or disposal of, securities. (1) A person has a relevant interest in securities if they: (a) are the holder of the securities; or. (b) have power to exercise, or control the exercise of, a right to vote attached to the securities; or. (c) have power to dispose of, or control the exercise of a power to dispose of, the securities.