Authorized Issuers of Letters of Credit

As of August 7, 2006, the banks listed below were authorized by NSCC to write Letters of Credit on behalf of participants. Participants can use Letters of Credit from authorized issuing banks to secure their Clearing Fund requirements. For a more current update, please call (212) 855-4931.

  • Allfirst Bank
  • AmSouth Bank
  • Bank Austria Aktiengesellschaftt (New York Branch)
  • Bank of America N.A.
  • Bank of Montreal (Chicago Branch)
  • Banc One N.A.
  • Barclays Bank PLC, (New York Branch)
  • Bayerische Hypo und Vereinsbank AG
  • Comerica Bank
  • Commerzbank A.G. (New York Branch)
  • Den Danske Bank A/S, (New York Branch)
  • Deutsche Bank Trust Company Americas
  • DnB NOR Bank ASA, New York Branch
  • Harris Trust & Savings Bank
  • HSBC Bank USA, N.A.
  • JPMorgan Chase Bank
  • KBC Bank (New York Branch)
  • Mellon Bank N.A.
  • National City Bank (Cleveland, OH)
  • Norddeutsche Landesbank Girozentrale (Nord/L/B), (New York Branch)
  • State Street Bank & Trust Company
  • The Bank of New York
  • The Northern Trust Company
  • The Royal Bank of Canada (New York Branch)
  • The Sumitomo Bank, Limited (New York Branch)
  • UBS A.G. (New York Branch)
  • U.S. Bank
  • U.S. Trust Company of New York
  • Wells Fargo Bank, N.A.