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8.B. - Page 86
<br /> APPENDIX F
<br /> DTC AND THE BOOK-ENTRY ONLY SYSTEM
<br /> The information in this Appendix F has been provided by The Depository Trust Company
<br /> ("DTC"), New York, NY, for use in securities offering documents, and the City does not take
<br /> responsibility for the accuracy or completeness thereof. The City cannot and does not give any assurances
<br /> that DTC, DTC Participants or Indirect Participants will distribute to the beneficial owners of the Bonds
<br /> (the "Beneficial Owners") either (a) payments of interest, principal or premium, if any, with respect to
<br /> the Bonds or (b) certificates representing ownership interest in or other confirmation of ownership
<br /> interest in the Bonds, or that they will so do on a timely basis or that DTC, DTC Direct Participants or
<br /> DTC Indirect Participants mill act in the manner described in this Official Statement.
<br /> The following description of DTC, the procedures and record keeping with respect to beneficial
<br /> ownership interests in the Bonds, payment of principal, interest and other payments on the Bonds to
<br /> DTC Participants or Beneficial Owners, confirmation and transfer of beneficial ownership interest in the
<br /> Bonds and other related transactions by and between DTC, the DTC Participants and the Beneficial
<br /> Owners is based solely on information provided by DTC. Accordingly, no representations can be made
<br /> concerning these matters and neither the DTC Participants nor the Beneficial Owners should rely on the
<br /> foregoing information with respect to such matters, but should instead confirm the same with DTC or the
<br /> DTC Participants, as the case may be.
<br /> Neither the issuer of the Bonds (the "Issuer") nor the trustee, fiscal agent or paying agent
<br /> appointed with respect to the Bonds (the "Agent") take any responsibility for the information contained
<br /> in this Appendix.
<br /> No assurances can be given that DTC, DTC Participants or Indirect Participants will distribute
<br /> to the Beneficial Owners (a)payments of interest,principal or premium, if any, with respect to the Bonds,
<br /> (b) certificates representing ownership interest in or other confirmation or ownership interest in the
<br /> Bonds, or (c)redemption or other notices sent to DTC or Cede £�Co., its nominee, as the registered owner
<br /> of the Bonds, or that they will so do on a timely basis, or that DTC, DTC Participants or DTC Indirect
<br /> Participants will act in the manner described in this Appendix. The current "Rules° applicable to DTC
<br /> are on file with the Securities and Exchange Commission and the current "Procedures° of DTC to be
<br /> followed in dealing with DTC Participants are on file with DTC.
<br /> 1. The Depository Trust Company ("DTC"), New York, NY, will act as securities
<br /> depository for the Bonds (the "Securities"). The Securities will be issued as fully-registered
<br /> securities registered in the name of Cede & Co. (DTC's partnership nominee) or such other
<br /> name as may be requested by an authorized representative of DTC. One fully-registered
<br /> Security certificate will be issued for each issue of the Securities, each in the aggregate principal
<br /> amount of such issue, and will be deposited with DTC. If, however, the aggregate principal
<br /> amount of any issue exceeds $500 million, one certificate will be issued with respect to each
<br /> $500 million of principal amount, and an additional certificate will be issued with respect to
<br /> any remaining principal amount of such issue.
<br /> 2. DTC, the world's largest securities depository, is a limited-purpose trust company
<br /> organized under the New York Banking Law, a "banking organization" within the meaning of
<br /> the New York Banking Law, a member of the Federal Reserve System, a "clearing corporation"
<br /> within the meaning of the New York Uniform Commercial Code, and a "clearing agency"
<br /> registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934.
<br /> DTC holds and provides asset servicing for over 3.5 million issues of U.S. and non-U.S. equity
<br /> issues, corporate and municipal debt issues, and money market instruments (from over 100
<br /> F-1
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