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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

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    End of Day Settlement

    We offer End-of-day net funds settlement through settling banks so that funding occurs via a single transmission to the Federal Reserve. Visit the website to learn more.

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    Check out the latest news about End of Day Net Funds Settlement service. Visit the DTCC website to learn how the service works and who can use it.

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  • Legal

    Download legal information about End of Day Net Funds Settlement offering same-day settlement finality, thereby reducing the duration of settlement risk for participants.

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