Section 22.4 - Futures Commission Merchants and derivatives clearing organizations: Permitted DepositoriesIn 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.