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Oct 27, 2009 ... DTC also facilitates the post-trade settlement among Direct Participants of sales and other securities transactions in deposited securities ...
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The official statement is a document that provides detailed information about a bond offering, including the financial condition of the issuer and the terms of the bond.
Issuers of municipal bonds are required to file an official statement with the appropriate regulatory bodies.
The official statement is typically prepared by the issuer with the assistance of legal counsel, financial advisors, and underwriters.
The purpose of the official statement is to provide investors with all the relevant information they need to make an informed decision about purchasing the bonds.
The official statement must include information about the issuer's financial condition, the terms of the bond offering, any risks associated with the investment, and other relevant details.
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