§ 22.4 Futures Commission Merchants and derivatives clearing organizations: Permitted Depositories.
Primary source
Verbatim text below is from the Electronic Code of Federal Regulations (eCFR), a public-domain U.S. government work. Always verify the current version with the eCFR before relying on it for any legal matter.
Full Text
In order for a depository to be a Permitted Depository:
(a) The depository must (subject to § 22.9) be one of the following types of entities:
(1) A bank located in the United States;
(2) A trust company located in the United States;
(3) A Collecting Futures Commission Merchant registered with the Commission (but only with respect to a Depositing Futures Commission Merchant providing Cleared Swaps Customer Collateral); or
(4) A derivatives clearing organization registered with the Commission; and
(b) The futures commission merchant or the derivatives clearing organization must hold a written acknowledgment letter from the depository as required by § 22.5 of this part.
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