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FULL BOOKENTRYONLY NEW ISSUERATINGS: Moody's: Aa1/Aa1 (underlying) S&P: A1+ (See MISCELLANEOUSRatings herein)In the opinion of Bond Counsel, under existing laws and subject to the conditions and limitations
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Full book-entry-only is a method of security registration in which physical certificates are not issued and ownership of securities is recorded electronically by a transfer agent or clearinghouse.
In most cases, institutional investors and financial institutions are required to use full book-entry-only for the registration of securities.
To fill out full book-entry-only, investors need to provide their information to the transfer agent or clearinghouse electronically.
The purpose of full book-entry-only is to streamline the process of security registration, reduce paperwork, and increase efficiency in the transfer of securities.
On full book-entry-only, investors must report their ownership details, transaction information, and any relevant changes to their holdings.
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