Pledgor Eligibility: All DTC bank Participants that are members of the Federal Reserve are automatically eligible to pledge securities to FRBs that are DTC pledgee banks using the Participant/non-participant pledge facility.
Non-Participant Eligibility: DTC allows non-participants to pledge collateral to FRBs through DTC bank Participants. Bank Participants and non-participants must provide their American Banking Association (ABA) number and the purpose of the loan.