The Depository Trust Company Return of Finds Procedures
Published on:
March 26, 1997
PSA The Bond Market Trade Association (TBMA)* provides comments to the Securities and Exchange Commission (SEC) on the proposed regulations submitted by the Depository Trust Company (DTC) with respect to paying agents’ return of funds policy (Policy), File No. SR-DTC96-22. TBMA expresses concerns about the risks placed by the Policy on TBMA members which are DTC participants.
*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.