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Issue Eligibility

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Apr 06, 2021 The LOP is used, when due to extraordinary circumstances, the Lead Underwriter of a Non-FAST new issue has advised DTC that it will not be able to deliver the physical certificates to DTC in compliance to the requirements described in DTC’s Operational Arrangements (OA). Note: Please read the letter in its entirety before completing and submitting to DTC. Special Letters (PDF)

Jan 13, 2021 Operational Arrangements - Necessary for Securities to Become and Remain Eligible for DTC Services
Issue Eligibility

Nov 14, 2019 Book-Entry-Only Municipal Tax-Exempt Commercial Paper (TECP) (Master Note) Program MMI Letters of Representations (PDF)

Additional Resources

  • FPO


    The Direct Registration System (DRS) provides investors with an alternative to holding their securities in certificate or 'street' form. Learn more about asset services.

  • News

    Read updates about The Direct Registration System where investors can elect to have their securities registered directly on the issuer's records in book-entry form.

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  • Legal

    Download legal information about The Direct Registration System where assets can be electronically transferred to and from the transfer agent. Click here for details.

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