DTC eligibility allows public companies to deposit their securities directly to the DTC, which saves brokers and transfer agents valuable time processing the movement and deposit of shares. With DTC eligibility, issuers transfer shares quickly and efficiently. However, the DTC eligibility process must be initiated by a bank or broker dealer. Every public company does not have to become DTC eligible; however, it is a convenient feature that makes depositing shares much easier. Some large exchanges that deal with many securities, like the New York Stock Exchange (NYSE), require issuers to become DTC eligible before they can list their securities.