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For the June 15 payrolls, the Tigers and the Devil Rays secured loans using distributions from baseball's central fund as collateral.
A clearing house may be wary of taking corporate bonds directly from a pension fund as collateral, say, but a bank can take the bonds and then issue its own letter of credit to the clearing house.
The idea of the privatisation fund first emerged in a leaked German government paper which argued Greece should leave the eurozone if it did not agree to put €50bn in a Luxembourg fund as collateral for its debts.
This strategy requires him to hold the money that investors put into the fund as collateral for the swaps, and he invests this cash in Treasury Inflation-Protected Securities, or TIPS.
We finance this proposal by using money in the Bottles and Beverages fund as collateral, and then implement an oil severance tax that every other oil producing state requires oil companies to pay, and we delay corporate tax breaks that were negotiated in a secret backroom deal last year.
Lenders typically know if they can legally accept the balance in a pension fund as collateral.
Similar(53)
But the company was using those funds as collateral to borrow money and invest in riskier securities.
South Korea's largest conglomerate, the Hyundai Group, said its chairman would use personal funds as collateral in a plan to revive its ailing Hyundai Investment Trust Company.
Already in 1857 he had used Peter's Pence funds as collateral for a new loan from the Rothschild banking firm.
But members of the Commission have raised questions about whether this is possible since Mr. McCain used the promise of federal funds as collateral in obtaining a bank loan for his campaign.
I'm wondering about the one prohibiting him from withdrawing from the public financing system if he used the promise of matching funds as collateral.
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