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Este Acuerdo establece un convenio de custodia y garantía sobre activos utilizados para asegurar fondos de depósitos no asegurados de entidades públicas en Oklahoma, definiendo las responsabilidades y derechos del Depositario, el Banco y el Custodio en relación a los valores colaterales.

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What is tri-party public deposit pledge?

A tri-party public deposit pledge is a financial arrangement involving three parties: a public depositary, a pledgor (usually a government entity), and a third-party custodian. It ensures that public funds are safeguarded by securing them with collateral held by the custodian.

Who is required to file tri-party public deposit pledge?

Government entities and public depositaries are typically required to file a tri-party public deposit pledge to protect public funds deposited in financial institutions.

How to fill out tri-party public deposit pledge?

To fill out a tri-party public deposit pledge, the pledgor must provide information about the public funds being deposited, details about the financial institution, and the collateral being pledged. Each party must sign the agreement to make it valid.

What is the purpose of tri-party public deposit pledge?

The purpose is to protect public funds against losses by ensuring that deposits are backed by sufficient collateral, thereby providing security and assurance to the government entities.

What information must be reported on tri-party public deposit pledge?

The report must include the names and addresses of the pledgor, public depositary, and custodian, details of the funds being deposited, descriptions of the collateral, and the terms of the pledge agreement.

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