The Depository Trust Company (“DTC”)
A central securities certificate depository through which Securities are held in book-entry only form.
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Fast Automated Securities Transfer (FAST)
Program of Depository Trust Company (DTC) with a goal of reducing certificate movement by having Bond certificates held by FAST transfer agents rather than by DTC. FAST transfer agents are typically the Paying Agent or Trustee in connection with issuance of the Bonds.
See Also
Paying Agent
The institution, often appointed in an indenture or a paying agency agreement, responsible for making payments of interest and principal to bondholders.
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State and Local Government Series Securities (SLGS)
Pronounced “slugs,” an acronym for “State and Local Government Series,” which are special United States Treasury securities sold to issuers and conduit borrowers directly by subscription from the Department of the Treasury.