§ A205-13. Repurchase agreements.

Latest version.

Repurchase agreements are authorized subject to the following restrictions:

A.
All repurchase agreements must be entered into subject to a master repurchase agreement.

B.
Trading partners are limited to banks or trust companies authorized to do business in New York State and primary reporting dealers.

C.
Obligations shall be limited to obligations of the United States of America and obligations guaranteed by agencies of the United States of America.

D.
No substitution of securities will be allowed.

E.
The custodian shall be a party other than the trading partner.

                    
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