§ 3-1-24 SAFEKEEPING AND CUSTODY.
   All security transactions, including collateral for repurchase agreements, entered into by the village, shall be conducted on a delivery-versus-payment (DVP) basis. Securities will be held by an independent third-party custodian designated by the Treasurer and evidenced by safekeeping receipts and a written custodial agreement.
(Ord. 99-30, passed 4-20-1999)