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In addition, ICT also received a collateral allocation (approximately USD 38 million) from the Ministry of Information Communication Technology (national budget, 2012 2013) [ 30, 31].
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The Insurance Department received a complaint in 2010 accusing Empire Bail Bonds of falsely representing in a court affidavit that the company had received $1,000 in collateral on the $10,000 bail bond of a defendant named Juan Sanchez.
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Will that bank have received adequate collateral from the clearinghouse?
Banks were also ordered to stop selling shares that they had received as collateral.
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