Understanding the Difference between DTC and DTCC in the Context of Arbitration Awards - a podcast by BidZiiL Bey

### Summary

In a compliance officer training video, the speaker discusses conveyances from the Depository Trust Company (DTC) to the Depository Trust Clearing Corporation (DTCC). They explain the difference between the two entities and how certain documents, such as statements of account and bills of exchange, are used in these conveyances. The speaker emphasizes the importance of understanding the legal statutes and codes associated with these transactions, as well as the need to avoid including routing numbers in certain documents. They also touch on the concept of using transmittal letters and introduce a sample verbiage for such letters.

### Highlights

- 💼 The speaker discusses conveyances from the DTC to the DTCC in a compliance officer training video.

- 📝 Statements of account and bills of exchange play a role in these conveyances.

- 📜 The difference between the DTC and the DTCC is explained, highlighting their respective roles.

- 🏦 Certain documents should not include routing numbers for security reasons.

- ✉️ The speaker introduces a sample verbiage for transmittal letters to accompany the conveyances.

- 📚 Understanding legal statutes and codes is crucial for these transactions.

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