Migrar Photo3. An agreement under Subsection 2 with a third-party depositary other than the Federal Reserve Bank shall contain a provision requiring the third-party depositary to hold only securities acceptable as collateral pledged by depositaries. NAC 356.120 Warranty Pools: Required Agreements. (NRS 356.350, 356.360, 356.390) 1. A depositary that receives a notification from a public depositary wishing to participate in a pool of guarantees at the depositary in accordance with NAC 356.110 shall object to an agreement with the State Treasurer on the pledge and storage of guarantees against uninsured deposits of the public depositor in a format approved by the State Treasurer. Such an agreement: (a) requires the depositary to hold acceptable securities with a fair value equal to at least 102 per cent of the amount of the uninsured balances of the depositary`s public funds held with the depositary as collateral with a third-party depositary for the benefit of the State Treasurer. (b) If the depositary does not maintain the minimum security required under subparagraph (a) with the third-party depositary, it shall request the depositary to pledge additional guarantees within the time limit set by the Treasurer of the State in order to comply with the requirements of subparagraph (a). 2. Except as otherwise provided in this Subsection, a depositary that receives notice from a public depositary that wishes to participate in a pool of guarantees with the depositary in accordance with NAC 356.110 and that has not yet established a pool of guarantees on the date of receipt of the notification shall enter into an agreement with the Treasurer of the State and a third depositary, in a format approved by the State Treasurer, to pledge and maintain guarantees on the public depositor`s uninsured deposits with the third-party depositary for the benefit of the State Treasurer. If the depositary decides to use the Federal Reserve Bank as a third-party custodian, the terms and conditions set out in the Federal Reserve Banks` Operating Circulars for the Transportation of Securities apply. Unauthorized attempts to upload information and/or modify information on any part of this website are strictly prohibited and subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see 18 U.S.C.
§ 1001 and 1030). For more information, see the SEC`s Privacy and Security Policy. Thank you for your interest in the U.S. Securities and Exchange Commission. Note that this policy may change if the SEC manages to SEC.gov to ensure that the site operates efficiently and remains available to all users. On each warranty test date, the warranty monitoring officer verifies whether the warranty test is completed, i.e. (i) the rules for that collateral pool are followed and (ii) the value of the collateral is greater than or equal to 97% of the collateral value required for that collateral pool (taking into account any discount value to be applied to the collateral and , the total value of any debt-denoting note). If the final terms applicable to a number of secured debentures provide that a «pool of multi-series guarantees» will be applicable, the security of the collateral pool may be shared by a number of secured debentures and it is understood that by acquiring and holding such bonds, bondholders will be deemed to have the rights of holders of existing and future bonds of different sets of recognizable, accept and agree to participate in equal shares in these securities.
(c) prohibit the depositary from holding at any time public funds in excess of the depositary`s total equity as specified in the depositary`s financial statements. (Added to the NAC by St. Treasurer by R028-04, eff. 6-30-2004) Government regulations are updated quarterly; We currently have two versions available. Below is a comparison between our latest version and the previous quarterly version. More comparison features will be added as we have more versions to compare. Please report your traffic by updating your user agent to include company-specific information. By using this website, you agree to security monitoring and auditing. For security reasons and to ensure that the public service remains accessible to users, this government computer system uses network traffic monitoring programs to identify unauthorized attempts to upload or modify information, or otherwise cause damage, including attempts to deny service to users.
The collateral provided for a number of secured notes is limited to the collateral that constitutes the collateral pool applicable to that series (and to all series of collateral backed by the same collateral pool, in the case of a multi-series collateral pool). .