▁each ▁customer ▁of ▁a ▁D TC ▁particip ant , ▁such ▁as ▁an ▁individual ▁invest or , ▁own s ▁a ▁pro ▁r ata ▁interest ▁in ▁the ▁shares ▁in ▁which ▁the ▁D TC ▁particip ant ▁has ▁an ▁interest . ▁ ▁Because ▁the ▁se cur ities ▁held ▁by ▁D TC ▁are ▁for ▁the ▁benefit ▁of ▁its ▁participants ▁and ▁their ▁customers ▁( i . e ., ▁invest ors ▁holding ▁their ▁se cur ities ▁at ▁a ▁bro ker - de aler ), ▁frequently ▁the ▁iss uer ▁and ▁its ▁transfer ▁agent ▁must ▁interact ▁with ▁D TC ▁in ▁order ▁to ▁facil itate ▁the ▁distribution ▁of ▁divid end ▁pay ments ▁to ▁invest ors , ▁to ▁facil itate ▁corpor ate ▁actions ▁( i . e ., ▁mer gers , ▁spl its , ▁etc .), ▁to ▁effect ▁the ▁transfer ▁of ▁se cur ities , ▁and ▁to ▁accur ately ▁record ▁the ▁number ▁of ▁shares ▁actually ▁owned ▁by ▁D TC ▁at ▁all ▁times . ▁ ▁D TC ▁Operation ▁ ▁Sto cks ▁held ▁by ▁D TC ▁are ▁kept ▁in ▁the ▁name ▁of ▁its ▁partners hip ▁nom ine e , ▁C ede ▁and ▁Company . ▁ ▁Not ▁all ▁se cur ities ▁are ▁el ig ible ▁to ▁be ▁settled ▁through ▁D TC ▁(" D TC ▁el ig ible "). ▁ ▁What ▁is ▁D TC ▁el ig ibility ? ▁This ▁means ▁that ▁a ▁company ' s ▁stock ▁is ▁el ig ible ▁for ▁depos it ▁with ▁D TC ▁a ka ▁" C ede ▁and ▁Company ." ▁A ▁company ' s ▁security ▁hold ers ▁will ▁be ▁able ▁to ▁depos it ▁their