TITLE

Deficits Give Boost to Derivatives

AUTHOR(S)
McKaig, Ryan
PUB. DATE
June 2002
SOURCE
Bond Buyer;6/10/2002, Vol. 340 Issue 31404, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports the increasing number of municipalities turning to derivatives due to budget deficits in the U.S. Prohibition of borrowers from funding escrow accounts; Variety of options to fund escrow accounts; Inclusion of U.S. agency securities; collateralized certificates of deposit and collateralized investment agreements in the alternatives.
ACCESSION #
6854327

 

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