My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
J.P. MORGAN CHASE BANK-2016
Clerk
>
Contracts / Agreements
>
J
>
J.P. MORGAN CHASE BANK-2016
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/31/2017 12:58:30 PM
Creation date
1/10/2017 3:43:03 PM
Metadata
Fields
Template:
Contracts
Company Name
JP MORGAN CHASE BANK
Contract #
A-2016-366
Agency
FINANCE & MANAGEMENT SERVICES
Council Approval Date
12/6/2016
Expiration Date
12/31/2019
Insurance Exp Date
6/1/2017
Destruction Year
0
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
341
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
Types of Securities Pledged <br />The Bank is pledging U.S. Treasury securities to secure Local Agency Deposits. The <br />amount and types of collateral pledged are subject to change, but will comply with <br />California Government Code (for local agency deposits, California Government Code §§ <br />53651, 53651.2, 53651.6 describes eligible collateral) and rules established by the LASP <br />Administrator. <br />Custodian for the Collateral Securities <br />The Bank currently employs MUFG Union Bank as third -parry custodian to hold <br />collateral for the LASP. <br />Collateral Priced /Marked to Market <br />The Bank employs an independent, third -party pricing agent for collateral valuation. <br />Dependent upon the types of securities pledged, the Bank will update security prices <br />(marked to market) daily, weekly and monthly, as provided by the pricing agent. Also, <br />dependent upon the types of securities pledged as collateral, MUFG Union Bank prices <br />pledged securities daily, weekly and monthly. <br />Departments Responsible for Tracking Collateral and <br />Reporting to the State <br />The Bank has two groups for tracking collateral and reporting: <br />The Firm wide Regulatory Reporting and Analysis (FRRA), which conducts all reporting <br />to the LASP Administrator, and NCMG, which conducts security pledging (and other <br />collateral transactions) with the LASP Administrator. <br />Collateral Reporting <br />The Bank is unable to provide collateral reporting for the California pool program <br />customers because the collateral pledged covers all public fund pool participants and is <br />not segregated to a specific customer. Request of proof of collateralization can be <br />submitted to: <br />Department of Business Oversight <br />Division of Financial Institutions <br />1515 K Street STE Zoo <br />Sacramento, CA 95814 <br />Phone: (916) 322 -1547 <br />Fax: (916) 323-3024 <br />Karen Cunningham, karen.cunningham@dbo.ca.gov <br />Page 34 .JY Morgan <br />
The URL can be used to link to this page
Your browser does not support the video tag.