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Fdic Guidance On Repurchase Agreements

(ii) If the seller of the newspaper offers only a partial recourse to the bank or the association of savings banks, the credit limits of this section apply to the seller`s commitment to the bank or the savings bank association, measured on the basis of the total amount of paper that the seller has committed or guaranteed to buy back. (iii) the acquisition of third-party securities by a national bank or savings bank subject to the agreement that the seller buys back the paper in the event of a late payment or at the end of a given period. The amount of the loan of the bank or the association of savings banks is the entire outstanding balance of paper belonging to the bank or the association of savings banks, net of the reserves held by the bank or the association of savings banks and held as collateral by the bank or the association of savings banks. If the seller`s obligation to buy back is limited, the loan of the bank or savings association is measured on the basis of the total amount of paper that the seller can finally buy back. The purchase of third-party securities by a national bank or savings bank without direct or indirect recourse to the seller is not a loan or an extension of credit to the seller; (aa) The securities transaction refers to a repurchase transaction, a reverse pension transaction, securities lending or securities lending transactions. (2) Discounts on paper at reduced rates. (i) loans and loan extensions from a national bank or savings bank association to a borrower; which arise from the succession of euro-negotiable or non-negotiable tempérien paper within the meaning of Article 32.2 (f), which contains a total benefit or an unconditional guarantee on the part of the person selling the paper, may not exceed 10% of the capital and surplus of the bank or savings fund association, in addition to the amount authorized by the total amount of the bank or the savings association. An unconditional guarantee can take the form of a pension contract or a separate warranty contract. A condition that reasonably resides in the power of the bank or the association of savings banks, such as the withdrawal of guarantees. B, is not an otherwise unconditional guarantee. [Table of Materials] [Previous page] [Next page] [Research] (A) Warehouse parts are an acceptable form of warranty when issued by a duly bound and licensed elevator or warehouse, with exclusive possession and control of basic foodstuffs, although the grain elevator or warehouse is kept in the premises of the staple owner.

. (ii) To qualify a loan or extension of the credit covered in paragraph (3) (i) of this section, the national bank or the savings bank association must, in accordance with current legislation, improve the interest of the guarantee for guarantees.