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Choom announced it has received processing approval from The Depository Trust Company (DTC) of New York, NY and is now DTC eligible.
Choom (CSE:CHOO; OTCQB:CHOOF) announced it has received processing approval from The Depository Trust Company (DTC) of New York, NY and is now DTC eligible.
As quoted in the press release:
Being DTC eligible is expected to greatly simplify the process of trading and exchange of the Company’s common stock on the OTC marketplace in the United States.
The Depository Trust Company (DTC) is a subsidiary of the Depository Trust & Clearing Corporation DTCC, that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered “DTC eligible.” This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors.
Source: www.newswire.ca
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