Global Boatworks Holdings Inc. announced from Pompano Beach, Florida recently that it has been deemed eligible for Depository Trust Clearing by the Depository Trust Clearing Corp. (DTCC), a member of the U.S. Federal Reserve System.
Having registered with the Securities and Exchange Commission, or SEC, the firm has now been granted a ticker symbol (“GBBT”) by the Financial Industry Regulatory Authority (FINRA) and stands poised for growth.
The DTC’s process enables newly issued securities to gain eligibility for its depository and book-entry services. With that status comes the assurance that assets are tradable, qualified for processing through DTCC, and fully serviced and supported. Activities may include deposits, withdrawals, dividend payment and reorganizational tasks.
Global Boatworks builds and markets high quality "luxury floating vessels" to clients throughout the southeastern U.S. through real estate brokers, yacht brokers, international boat shows and trade shows.
Global offers its customers an array of choices in docking, finance and insurance plans, as well as the ability for purchasers to plan custom vessels to fit their lifestyle.
DTCC’s purpose is to reduce securities processing costs associated with financial intermediaries by managing guardianship of over 2 million securities and converting them to electronic files.