BP » Topics » DTC

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

DTC

DTC has advised us as follows:

 

   

DTC is:

 

   

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

 

   

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

 

   

a member of the Federal Reserve System;

 

   

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

 

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Table of Contents
   

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

 

   

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.

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

DTC

DTC has advised us as follows:

 

   

DTC is:

 

   

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

 

   

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

 

   

a member of the Federal Reserve System;

 

   

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

 

22


Table of Contents
   

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

 

   

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.

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

DTC

DTC has advised us as follows:

 

   

DTC is:

 

   

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

 

   

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

 

   

a member of the Federal Reserve System;

 

   

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

 

22


Table of Contents
   

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

 

   

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.

This excerpt taken from the BP 424B5 filed Mar 13, 2009.

DTC

 

DTC has advised us as follows:

 

   

DTC is:

 

   

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

 

   

a member of the Federal Reserve System;

 

   

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

 

   

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

 

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.

 

This excerpt taken from the BP 424B5 filed Mar 6, 2009.

DTC

 

DTC has advised us as follows:

 

   

DTC is:

 

   

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

 

   

a member of the Federal Reserve System;

 

   

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

 

   

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

 

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.

 

This excerpt taken from the BP 424B5 filed Nov 5, 2008.

DTC

 

DTC has advised us as follows:

 

   

DTC is:

 

   

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

 

   

a member of the Federal Reserve System;

 

   

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

 

   

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

 

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.

 

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

DTC

 

DTC has advised us as follows:

 

   

DTC is:

 

   

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

 

   

a member of the Federal Reserve System;

 

   

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

 

   

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

 

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.

 

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