Fiscal Year Report 2006
Fiscal Year Report 2006
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In our eReader you can find the full English version of the book. Read Fiscal Year Report 2006 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Fiscal Year Report 2006
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To quickly assess the difficulty of the text, read a short excerpt:
Custodial Credit Risk Custodial credit risk for investments is the risk that, in the event of the failure of the counterparty to a transaction, a government will not be able to recover the value of the investment or collateral securities that are in the possession of an outside party. As of June 30, 2006 and 2005, all STIP securities were registered in the nominee name for the Montana Board B-27 of Investments and held in the possession of the Board's custodial bank, State Street Bank. Accordin...g to the STIP Investment Policy, "repurchase agreements require electronic delivery of U.S. Government Treasury collateral, priced at 102 percent market value, to the designated State of Montana Federal Reserve Bank account." Concentration of Credit Risk Concentration of credit risk is the risk of loss attributed to the magnitude of a government's investment in a single issuer.
The STIP Investment Policy Statement does not specifically address concentration of credit risk. The policy does provide for "minimum three (3%) percent or $15 million, whichever is higher, to be invested in Repurchase Agreements." The STIP had concentration of credit risk exposure to the Federal Home Loan Bank of 6.59 % as of June 30, 2006.
What to read after Fiscal Year Report 2006?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Board of Investments to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Custodial Credit Risk Custodial credit risk for investments is the risk that, in the event of the failure of the counterparty to a transaction, a government will not be able to recover the value of the investment or collateral securities that are in the possession of an outside party. As of June 30, 2006 and 2005, all STIP securities were registered in the nominee name for the Montana Board B-27 of Investments and held in the possession of the Board's custodial bank, State Street Bank. Accordin...g to the STIP Investment Policy, "repurchase agreements require electronic delivery of U.S. Government Treasury collateral, priced at 102 percent market value, to the designated State of Montana Federal Reserve Bank account." Concentration of Credit Risk Concentration of credit risk is the risk of loss attributed to the magnitude of a government's investment in a single issuer.
The STIP Investment Policy Statement does not specifically address concentration of credit risk. The policy does provide for "minimum three (3%) percent or $15 million, whichever is higher, to be invested in Repurchase Agreements." The STIP had concentration of credit risk exposure to the Federal Home Loan Bank of 6.59 % as of June 30, 2006.
What to read after Fiscal Year Report 2006?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Board of Investments to read onlineMoreLess
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