tailieunhanh - Federal Reserve Collateral Guidelines 

The OSC requires public companies to file documents such as annual information forms, annual and quarterly financial statements, MD&As, management information circulars, material change reports and prospectuses. They contain information that helps investors assess the company’s management, products, services, finances, its future prospects and risks. Together, these documents are referred to as “disclosure documents”. The OSC has requirements for when and how information is disclosed by public companies. We review disclosure documents to make sure companies are meeting these requirements. Our goal is to review every public company with a head office in Ontario an average of once every four years. The fact that a company files documents with the OSC does not make the. | Federal Reserve Collateral Guidelines Introduction This guide provides an overview of the Federal Reserve s collateral program. Collateral pledged to Federal Reserve Banks can be used to secure discount window advances and may be used to offset risk associated with extensions of daylight credit or master account activity. For more information on the use of collateral under the Payments System Risk PSR policy see PSR Guide at http paymentsystems psr . This guide is designed to acquaint depository institutions with 1 the various types of assets accepted as collateral 2 the available pledging arrangements and estimated processing times 3 the approach used to value and establish margins on assets pledged as collateral The information contained in this guide is a summary. It does not supersede or replace any requirements contained in specific Federal Reserve agreements policies or procedures and may be periodically updated. Prior to pledging collateral to a Federal Reserve Bank an institution should complete the required agreements located in the Federal Reserve s Lending Agreement Operating Circular 10. The pledging institution under the terms and condition of the Federal Reserve s Lending Agreement makes assignments of collateral. It should be noted that the Reserve Bank will normally require a perfected security interest in collateral pledged and will require a public filing when appropriate. Please contact your Reserve Bank to discuss specific questions regarding collateral eligibility or pledging procedures. Toll-free phone numbers are listed on the Discount Window Payment System Risk Website at http hdrID 23 dtlID . Securities Reserve Banks accept a wide range of assets as collateral. General acceptance criteria for securities can be found below. Following the general acceptance criteria there is a detailed list of eligible asset types along with pledging instructions and valuation information. .