17 CFR § 22.4 - Futures Commission Merchants and derivatives clearing organizations: Permitted Depositories.

---
identifier: "/us/cfr/t17/s22.4"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "17 CFR § 22.4 - Futures Commission Merchants and derivatives clearing organizations: Permitted Depositories."
title_number: 17
title_name: "Commodity and Securities Exchanges"
section_number: "22.4"
section_name: "Futures Commission Merchants and derivatives clearing organizations: Permitted Depositories."
chapter_name: "COMMODITY FUTURES TRADING COMMISSION"
part_number: "22"
part_name: "CLEARED SWAPS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "7 U.S.C. 1a, 6d, 7a-1 as amended by Pub. L. 111-203, 124 Stat. 1376."
regulatory_source: "77 FR 6371, Feb. 7, 2012, unless otherwise noted."
cfr_part: "22"
---


# 22.4 Futures Commission Merchants and derivatives clearing organizations: Permitted Depositories.

In order for a depository to be a Permitted Depository:

(a) The depository must (subject to § 22.9) be one of the following types of entities:

(1) A bank located in the United States;

(2) A trust company located in the United States;

(3) A Collecting Futures Commission Merchant registered with the Commission (but only with respect to a Depositing Futures Commission Merchant providing Cleared Swaps Customer Collateral); or

(4) A derivatives clearing organization registered with the Commission; and

(b) The futures commission merchant or the derivatives clearing organization must hold a written acknowledgment letter from the depository as required by § 22.5 of this part.