Sifma Master Selling Group Agreement

Conservation: In order to protect public funds, public authorities should ensure appropriate securitisation practices with regard to the use of pension operations for investments. Custody must be carried out by an independent custodian or a third party. The obligations of the depositary (direct or tripartite parties) should be set out in a written retention agreement. Although public authorities are not bound by the Financial Accounting Standards Board (FASB), AFSB Statement No. 140 impacts counterparties in order to redeem transactions with governments. The New Issue Price Regulations establish a procedural framework for issuers to determine the issue price in different circumstances, depending on the pricing mechanism used by the issuer for its sale of bonds. . . .