Is My Counterparty Reachable?
The honest answer is yes — and that is unusual for a network. Most networks are only worth joining once the other side has already joined. Loffa's is not. You can send a free funds letter to any DTC-registered broker-dealer from day one, whether or not they have ever heard of us.
Check a Counterparty
Type a firm name
Checks against the live network. Firms not yet in-network are still reachable.
How Reach Works
Two Tiers. Both Work.
There is no counterparty you cannot reach. The only question is how much of the exchange is automated on their side.
In-Network — 27 firms
Both sides exchange digitally. The request, the response, the reviewer, and the timestamps are captured end to end with no fax or PDF anywhere in the loop. 16 firms on FVD (11 able to receive), 13 on QBS, 11 on PBIN.
Reachable — everyone else
A counterparty that is not a Loffa customer still receives your request and responds through a secure web page. Nothing to install, no contract, no sign-up on their side. Their response lands in your audit trail exactly like an in-network one.
This is not a marketing position — it is how the system was described to the SEC. The 2003 no-action letter records that a custodian "will be able to make an Internet-based response even if it is not a customer of Loffa." Read the letter →
In-Network Participants
Who's Already On
Firms exchanging with Loffa digitally today. C = can receive free funds requests as a custodian. Some additional participants are not listed here under their own disclosure terms — they are still reachable, and the lookup above will confirm them.
Barclays
PBIN
B. Riley
QBS
BNP Paribas
FVD C · PBIN
BofA Merrill Lynch
FVD
Cantor Fitzgerald
QBS
Charles Schwab
FVD C
Citigroup
FVD C · QBS · PBIN
Clear Street
FVD C · QBS · PBIN
Curvature
PBIN
Deutsche Bank
FVD · QBS
Fidelity NFS (FMR)
FVD C
Hilltop
FVD C · QBS
Jefferies
FVD
JP Morgan
PBIN
Mirae
FVD C · QBS · PBIN
MUFG
QBS
Natixis
FVD C
Pershing (BNY)
FVD C · QBS · PBIN
Robert W. Baird
FVD
Stifel Nicolaus
FVD
UBS
FVD C · PBIN
Wedbush
FVD C · QBS
Why This Matters
No Chicken-and-Egg
The usual objection to a settlement network is reasonable: "this is only useful if my counterparties are on it." That objection does not apply here, and it is worth being precise about why.
- ✓ You get value on day one. Your side is automated immediately, regardless of who else has joined.
- ✓ Your counterparty does nothing. No procurement, no vendor review, no contract on their side to respond to you.
- ✓ Your audit trail is complete either way. Whether the response came from an in-network firm or a web reply, it is captured, timestamped, and WORM-retained.
Coverage figures reflect firms active on the Loffa network as of July 2026. Loffa retains the records it processes in WORM storage; it is not your books-and-records keeper under Rules 17a-3 or 17a-4.
Not Seeing Your Counterparty?
They are still reachable — they will receive your request and respond via the web with nothing to install. If you would like them brought fully in-network, we will make the introduction.