Issue Eligibility Documentation

Letters of Representations

Letters of Representations are form agreements. They contain certain representations that must be made to DTC by the issuer and others before various issue types (e.g., book-entry-only issues, Rule 144A issues, Reg. S issues) can be made eligible for deposit at DTC and for DTC book-entry services. Forms for different issue types are set forth below.

Riders

These consist of optional riders that, if appropriate, may be appended to Letters of Representations.

Forms of Notes

Forms of Master Notes are provided for MMIs. All book-entry-only security certificates deposited with DTC must bear or be stamped with a DTC legend, which is provided on all the forms of Master Notes.

Eligibility Documentation 

• Operational Arrangements
  (ZIP archive .zip, 477KB, Current Version)
• Eligibility Questionnaire
  (Acrobat .pdf, 26KB, 11/2007)
• Retail Certificate of Deposit (CDs) Eligibility Questionnaire
  (MS-Excel .xls, 364KB, Updated 04/2008)
• Unit Investment Trust (UITs) Eligibility Questionnaire
  (Acrobat .pdf, 167KB, Updated 06/2000)
• A Guide to Making BEO Corporate Securities Eligible for Deposit at DTC
  (Acrobat .pdf, 66KB, Updated 01/2008)
• Schedule A: Sample Offering Document Language Describing Book-Entry-Only Issurance
  (Acrobat .pdf, 30KB, Updated 01/2008)
• Blanket Issuer Letter of Representations (BLOR) - Not for Use with MMIs
  (Acrobat .pdf, 44KB, Updated 03/2008)
• Issuer Letter of Representations (ILOR) - Not for Use with MMIs
  (Acrobat .pdf, 44KB, Updated 03/2008)
• Issue Custodied at Central Securities Depositary ("CSD") Blanket Issuer Letter of Representations
  (Acrobat .pdf, 28KB, Updated 03/2008)
• CSD Blanket Letter of Representations
  (Acrobat .pdf, 27KB, Updated 03/2008)

Special Letters 

• Gaming Letter
  (Acrobat .pdf, 18KB, Updated 03/2008. A Gaming Letter is required for issuers involved in activity subject to Gaming and/or other types of Regulatory Commissions.)
• REIT Letter
  (Acrobat .pdf, 18KB, Updated 03/2008. A REIT Letter is required for equity issuances by a REIT issuer subject to ownership percentage thresholds.)
• Seg-100 Letter
  (Acrobat .pdf, 19KB, Updated 03/2008. A Seg-100 Letter is required for equity issues subject to share ownership threshold restrictions by U.S. or non-U.S. citizens.)
• Dual Purpose Exchange/Shelf Registration Letter
  (Acrobat .pdf, 51KB, Updated 03/2008. A Dual Purpose Exchange/Shelf Registration Letter is used to notify DTC of an SEC Registration Statement for Shelf Registration filing of issues previously made eligible at DTC pursuant to Rule 144A and Regulation S.)

All Riders 

• Rider - Representations for Rule 144A Securities
  (Acrobat .pdf, 33KB, Updated 03/2008)
• Rider - Representations for Category 3 Regulation S Securities with a Chill on Deposits
  (Acrobat .pdf, 39KB, Updated 03/2008)
• Rider - Representations for Regulation S Only Securities Issuance
  (Acrobat .pdf, 43KB, Updated 03/2008)
• Representations for Securities Denominated in a Foreign (Non-U.S.) Currency with U.S. Dollar Payments Only
  (Acrobat .pdf, 35KB, Updated 01/2008)
• Rider - Representations for Securities Denominated in a Foreign (Non-U.S.) Currency with an Option for U.S. Dollar Payments - to be included in DTC letter of Representations
  (Acrobat .pdf, 28KB, Updated 05/2008)
• Rider - Representations for Securities Denominated in a Foreign (Non-U.S.) Currency without an Option for U.S. Dollar Payments - to be included in DTC letter of Representations
  (Acrobat .pdf, 25KB, Updated 05/2008)
• Rider - Representations for Securities with a Conversion Provision
  (Acrobat .pdf, 37KB, Updated 01/2008)
• Rider - Representations for UK Issuers of Securities
  (Acrobat .pdf, 36KB, Updated 03/2008)

All MMI Letters of Representations 

• Institutional Certificate of Deposit
  (Acrobat .pdf, 54KB, Updated 01/2008)
• Municipal Variable-Rate Demand Obligations (VRDOs) in Commercial Paper (CP) Mode (VRDO/CP) and VRDOs
  (Acrobat .pdf, 52KB, Updated 01/2008)
• Municipal Tax-Exempt Commercial Paper
  (Acrobat .pdf, 51KB, Updated 01/2008)
• Corporate Commercial Paper
  (Acrobat .pdf, 54KB, Updated 01/2008)
• Preferred Stock in Commercial Paper-Like Mode
  (Acrobat .pdf, 52KB, Updated 02/2008)
• Corporate Variable-Rate Demand Obligations (VRDOs) in Commercial Paper (CP) Mode (VRDO/CP) and VRDOs
  (Acrobat .pdf, 52KB, Updated 01/2008)
• Discount Notes
  (Acrobat .pdf, 51KB, Updated 01/2008)
• Medium-Term Notes (MTNs)/Medium-Term Bank Notes/and Deposit Notes
  (Acrobat .pdf, 53KB, Updated 01/2008)
• Short-Term Bank Notes
  (Acrobat .pdf, 49KB, Updated 01/2008)
• Bankers' Acceptances
  (Acrobat .pdf, 54KB, Updated 01/2008)

All MMI Master Note Forms 

• Commercial Paper Master Note Form
  (Acrobat .pdf, 28KB, Updated 01/2008)
• Deposit Note Master Note Form
  (Acrobat .pdf, 33KB, Updated 01/2008)
• Discount Note Master Note Form
  (Acrobat .pdf, 28KB, Updated 01/2008)
• Institutional Certificate of Deposit Master Note Form
  (Acrobat .pdf, 28KB, Updated 01/2008)
• Medium-Term Bank Note Master Note Form
  (Acrobat .pdf, 30KB, Updated 01/2008)
• Medium-Term Note Master Note Form
  (Acrobat .pdf, 33KB, Updated 01/2008)
• Municipal Commercial Paper Master Note Form
  (Acrobat .pdf, 28KB, Updated 01/2008)
• Short-Term Bank Note Master Note Form
  (Acrobat .pdf, 28KB, Updated 01/2008)