Agreement between the issuer and ICD Securities, Inc.
The details of the CD terms agreed to by ICD and your institution. A terms agreement needs to be executed for each DTC CD issued. The agreement will detail the following:
Letter of Representation
A onetime document signed by your institution and forwarded directly to DTC. This document must be executed prior to your first DTC issuance and is a DTC standard agreement. For more information, please visit www.dtcc.com.
Negotiable Master Certificate
The actual negotiable certificate of deposit that your institution will set up on its books. All Certificates issued through the DTC market are set up under “Cede & Co., as nominee of the Depository Trust Corporation.” There is one Master Certificate per each issued CUSIP ID number. The CUSIP ID number is issued by Standard & Poor’s to identify each individual offering.
Certificate of Deposit Disclosure Agreement
This document is presented to the beneficiary owner from the selling dealer.
Selling Group Agreement
This document is executed between the underwriter and its selling group members.
For more information please feel free to contact your ICD Representative at 1-800-533-9891.