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Res 2020-070/adopting revised Investment Policies for Operating Funds and Reserve Funds
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Res 2020-070/adopting revised Investment Policies for Operating Funds and Reserve Funds
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4/28/2020 2:08:10 PM
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4/28/2020 1:36:06 PM
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City Clerk
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Resolutions
Number
2020-70
Date
3/17/2020
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Prior to settlement date, the City Investment Officer and/or Investment Adviser /Manager and <br />broker/dealer exchange and review the following settlement instructions to ensure prompt, and <br />uninterrupted settlement. <br />- Name of third -party safekeeping agent. <br />- ABA number of safekeeping agent. <br />- Safekeeping account number. <br />- Amount of transaction. <br />- Settlement date. <br />- CUSIP number of security, if applicable. <br />V. SETTLEMENT AND FOLLOW-THROUGH <br />The City Investment Officer and/or the Investment Adviser / Manager will obtain a written trade <br />ticket for the City's records and the safekeeping agent <br />City follow-up procedures may include: <br />- Internal provision of receipt or disbursement of funds. <br />- Internal transfer or wiring of funds. <br />- Validation of written "safekeeping receipt". <br />- Immediate notification by the adviser if a fail has occurred. <br />City of San Marcos Investment Policy <br />
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