BP » Topics » The Clearing Systems

This excerpt taken from the BP 424B5 filed Aug 7, 2009.

The Clearing Systems

FACE="Times New Roman" SIZE="2">DTC

DTC has advised us as follows:

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

DTC is:

 







  

a limited purpose trust company organized under the laws of the State of New York;

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

a “banking organization” within the meaning of the New York Banking Law;

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

a member of the Federal Reserve System;

 







  

a “clearing corporation” within the meaning of the Uniform Commercial Code; and

STYLE="margin-top:0px;margin-bottom:0px"> 


22







Table of Contents








  

a “clearing agency” registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934.

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

DTC was created to hold securities for its participants and to facilitate the clearance and settlement of securities transactions between participants through
electronic book-entry changes to accounts of its participants. This eliminates the need for physical movement of certificates.

 







  

Participants in DTC include securities brokers and dealers, banks, trust companies and clearing corporations and may include certain other organizations. DTC is
partially owned by some of these participants or their representatives.

 







  

Indirect access to the DTC system is also available to banks, brokers, dealers and trust companies that have relationships with participants.

 







  

The rules applicable to DTC and DTC participants are on file with the SEC.

STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%">Clearstream, Luxembourg

SIZE="2">Clearstream, Luxembourg has advised us as follows:

 







  

Clearstream, Luxembourg is a duly licensed bank organized as a société anonyme incorporated under the laws of Luxembourg and is subject to regulation
by the Luxembourg Commission for the Supervision of the Financial Sector (Commission de Surveillance du Secteur Financier).

 







  

Clearstream, Luxembourg holds securities for its customers and facilitates the clearance and settlement of securities transactions among them. It does so through
electronic book-entry changes to the accounts of its customers. This eliminates the need for physical movement of certificates.

 







  

Clearstream, Luxembourg provides other services to its participants, including safekeeping, administration, clearance and settlement of internationally traded
securities and lending and borrowing of securities. It interfaces with the domestic markets in over 30 countries through established depositary and custodial relationships.

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

Clearstream, Luxembourg’s customers include worldwide securities brokers and dealers, banks, trust companies and clearing corporations and may include
professional financial intermediaries. Its U.S. customers are limited to securities brokers and dealers and banks.

 







  

Indirect access to the Clearstream, Luxembourg system is also available to others that clear through Clearstream, Luxembourg customers or that have custodial
relationships with its customers, such as banks, brokers, dealers and trust companies.

This excerpt taken from the BP 424B5 filed May 5, 2009.

The Clearing Systems

FACE="Times New Roman" SIZE="2">DTC

DTC has advised us as follows:

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

DTC is:

 







  

a limited purpose trust company organized under the laws of the State of New York;

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

a “banking organization” within the meaning of the New York Banking Law;

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

a member of the Federal Reserve System;

 







  

a “clearing corporation” within the meaning of the Uniform Commercial Code; and

STYLE="margin-top:0px;margin-bottom:0px"> 


22







Table of Contents








  

a “clearing agency” registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934.

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

DTC was created to hold securities for its participants and to facilitate the clearance and settlement of securities transactions between participants through
electronic book-entry changes to accounts of its participants. This eliminates the need for physical movement of certificates.

 







  

Participants in DTC include securities brokers and dealers, banks, trust companies and clearing corporations and may include certain other organizations. DTC is
partially owned by some of these participants or their representatives.

 







  

Indirect access to the DTC system is also available to banks, brokers, dealers and trust companies that have relationships with participants.

 







  

The rules applicable to DTC and DTC participants are on file with the SEC.

STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%">Clearstream, Luxembourg

SIZE="2">Clearstream, Luxembourg has advised us as follows:

 







  

Clearstream, Luxembourg is a duly licensed bank organized as a société anonyme incorporated under the laws of Luxembourg and is subject to regulation
by the Luxembourg Commission for the Supervision of the Financial Sector (Commission de Surveillance du Secteur Financier).

 







  

Clearstream, Luxembourg holds securities for its customers and facilitates the clearance and settlement of securities transactions among them. It does so through
electronic book-entry changes to the accounts of its customers. This eliminates the need for physical movement of certificates.

 







  

Clearstream, Luxembourg provides other services to its participants, including safekeeping, administration, clearance and settlement of internationally traded
securities and lending and borrowing of securities. It interfaces with the domestic markets in over 30 countries through established depositary and custodial relationships.

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

Clearstream, Luxembourg’s customers include worldwide securities brokers and dealers, banks, trust companies and clearing corporations and may include
professional financial intermediaries. Its U.S. customers are limited to securities brokers and dealers and banks.

 







  

Indirect access to the Clearstream, Luxembourg system is also available to others that clear through Clearstream, Luxembourg customers or that have custodial
relationships with its customers, such as banks, brokers, dealers and trust companies.

This excerpt taken from the BP F-3ASR filed Mar 13, 2009.

The Clearing Systems

FACE="Times New Roman" SIZE="2">DTC

DTC has advised us as follows:

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

DTC is:

 







  

a limited purpose trust company organized under the laws of the State of New York;

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

a “banking organization” within the meaning of the New York Banking Law;

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

a member of the Federal Reserve System;

 







  

a “clearing corporation” within the meaning of the Uniform Commercial Code; and

STYLE="margin-top:0px;margin-bottom:0px"> 


22







Table of Contents








  

a “clearing agency” registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934.

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

DTC was created to hold securities for its participants and to facilitate the clearance and settlement of securities transactions between participants through
electronic book-entry changes to accounts of its participants. This eliminates the need for physical movement of certificates.

 







  

Participants in DTC include securities brokers and dealers, banks, trust companies and clearing corporations and may include certain other organizations. DTC is
partially owned by some of these participants or their representatives.

 







  

Indirect access to the DTC system is also available to banks, brokers, dealers and trust companies that have relationships with participants.

 







  

The rules applicable to DTC and DTC participants are on file with the SEC.

STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%">Clearstream, Luxembourg

SIZE="2">Clearstream, Luxembourg has advised us as follows:

 







  

Clearstream, Luxembourg is a duly licensed bank organized as a société anonyme incorporated under the laws of Luxembourg and is subject to regulation
by the Luxembourg Commission for the Supervision of the Financial Sector (Commission de Surveillance du Secteur Financier).

 







  

Clearstream, Luxembourg holds securities for its customers and facilitates the clearance and settlement of securities transactions among them. It does so through
electronic book-entry changes to the accounts of its customers. This eliminates the need for physical movement of certificates.

 







  

Clearstream, Luxembourg provides other services to its participants, including safekeeping, administration, clearance and settlement of internationally traded
securities and lending and borrowing of securities. It interfaces with the domestic markets in over 30 countries through established depositary and custodial relationships.

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px"> 







  

Clearstream, Luxembourg’s customers include worldwide securities brokers and dealers, banks, trust companies and clearing corporations and may include
professional financial intermediaries. Its U.S. customers are limited to securities brokers and dealers and banks.

 







  

Indirect access to the Clearstream, Luxembourg system is also available to others that clear through Clearstream, Luxembourg customers or that have custodial
relationships with its customers, such as banks, brokers, dealers and trust companies.

This excerpt taken from the BP 424B5 filed Mar 13, 2008.

The Clearing Systems

 

STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%">DTC

 

STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">DTC has advised us as follows:

 







  

DTC is:

 







  

a limited purpose trust company organized under the laws of the State of New York;

SIZE="1"> 







  

a member of the Federal Reserve System;

 







  

a “clearing corporation” within the meaning of the Uniform Commercial Code; and

STYLE="margin-top:0px;margin-bottom:-6px"> 







  

a “clearing agency” registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934.

STYLE="margin-top:0px;margin-bottom:0px"> 


22







Table of Contents








  

DTC was created to hold securities for its participants and to facilitate the clearance and settlement of securities transactions between participants through
electronic book-entry changes to accounts of its participants. This eliminates the need for physical movement of certificates.

 







  

Participants in DTC include securities brokers and dealers, banks, trust companies and clearing corporations and may include certain other organizations. DTC is
partially owned by some of these participants or their representatives.

 







  

Indirect access to the DTC system is also available to banks, brokers, dealers and trust companies that have relationships with participants.

 







  

The rules applicable to DTC and DTC participants are on file with the SEC.

SIZE="1"> 

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