Common use of COLLATERAL SECURITIES Clause in Contracts

COLLATERAL SECURITIES. (1) Repo sellers shall adopt policies and procedures to ensure that all Collateral Securities that are the subject of Repos are either registered with the Commission or registered in accordance with the securities laws or regulations of an Approved Foreign Jurisdiction. (2) Repos to Non-Institutional Investors should be restricted to the following: a) Treasury Bills and Treasury Notes issued by the Government of Trinidad and Tobago (“GORTT”); b) Bonds issued or guaranteed by ▇▇▇▇▇ provided that those bonds were issued in Trinidad and Tobago; c) Eurobonds issued by ▇▇▇▇▇; d) Bonds issued by state agencies of GORTT; e) Bonds issued by statutory bodies established within Trinidad and Tobago and f) Corporate bonds listed on the Exchange. (3) Collateral securities must not be used to cover short sales. (4) Collateral securities must not be subject to margin purchases where these are held by other brokers. (5) Collateral securities must not be otherwise pledged or used as collateral.

COLLATERAL SECURITIES. (1) Repo sellers shall adopt policies and procedures to ensure that all All Collateral Securities that are the subject of Repos are must either be registered with the Commission or registered in accordance with the securities laws or regulations of an Approved Foreign Jurisdiction. (2) Repos to Non-Institutional Investors should be restricted to the following: a) Treasury Bills and Treasury Notes issued by the Government of Trinidad and Tobago (“GORTT”); b) Bonds issued or guaranteed by ▇▇▇▇▇ provided that those bonds were issued in Trinidad and Tobago; c) Eurobonds issued by ▇▇▇▇▇; d) Bonds issued by state agencies of GORTT; e) Bonds issued by statutory bodies established within Trinidad and Tobago and f) Corporate bonds listed on the Exchange. (3) Collateral securities must not be used to cover short sales. (4) Collateral securities must not be subject to margin purchases where these are held by other brokers. (5) Collateral securities must not be otherwise pledged or used as collateral.