(a) "Agreement" means the master agreement which authorizes and which encompasses a series of individual transactions between the City and the entity with whom it contracts for the deposit, investment, safekeeping and management of public funds.
(b) "Custodian agreement" means a written agreement authorized by Section 192.21 in which the City specifically contracts with a custodian which will assume fiduciary duties to the City in connection with the holding in its custody of authorized investments or eligible collateral.
(c) "Master repurchase agreement" means a written agreement between the City and a securities dealer which specifies the terms under which repurchase agreements subject to Chapter 192 shall be transacted between the two parties. Each master repurchase agreement shall be executed by the Mayor on behalf of the City and shall be in a written form approved by the Director of Law and shall be placed on file with the Clerk of Council.
(d) "Repurchase agreement" means an investment transaction involving the City's purchase of repurchased securities from a securities dealer pursuant to a master repurchase agreement with that securities dealer, and the repurchase within thirty days of the same repurchase securities by that securities dealer on a certain date for a stated price, which price shall be in excess of the amount for which the City purchased the repurchase securities.
(Ord. 164-89. Passed 2-28-89.)