I believe you need to register a stock certificate in your name (not the street name of the broker) to register with a Claymore PACC. You can only do synthetic DRIPing (whole shares only) for some securities at discount brokers.
I use Credential Direct for my discount brokerage and asked the same question. They said that given that PACC for ETFs is very new, they are still working on it. So, while the ability to PACC is there, the capability to execute has yet to appear.
IMHO, Claymore should have held back announcing the PACC until at least some brokerage firms were set up to handle the transactions.
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