§ 37.056 SAFEKEEPING AND CUSTODY.
   (A)   All security transactions, including collateral for repurchase agreements, entered into by the city shall be conducted on the deliver versus payment (DVP) basis.
   (B)   Securities will be held by a third party custodian by the Treasurer and evidenced by safekeeping receipts.
(Ord. 521, passed 6-13-2006)