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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 FAST Program

    DTCC provides a contract based program between DTC & transfer agents whereby FAST agents act as custodians for DTC. Visit the website.

  • News

    Read the news about our Fast Automated Securities Transfer Program which eliminates the movement of physical securities by allowing agents to act as custodians for DTC.

    Read More
  • Legal

    Get legal information about our Fast Automated Securities Transfer Program (FAST), introduced in 1975 with a few hundred issues and several agents. Learn more.

    Read More