Fed Participant definition
Fed Participant. Any entity eligible to maintain book-entry accounts on the Fed System.
Fed Participant means those entities eligible to maintain book-entry accounts with a Federal Reserve Bank.
Examples of Fed Participant in a sentence
A Federal Reserve Bank will act only upon the instructions of a Fed Participant in recording transfers of a Certificate on the Fed System.
In the case of (i) a Class maintained on the Fed System, each Fed Participant whose name appears on the books and records of a Federal Reserve Bank as an entity for whose account CertiÑcates of such Class have been deposited; (ii) a Class maintained on the DTC System, DTC or its nominee, (iii) a Retail Class, the Retail Depository or its nominee and (iv) a Residual Class or a certiÑcated Regular Class, each entity or individual appearing on the records of the Registrar as a registered holder of that Class.