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Interpretive Letters › Debt Securities

Orrick, Herrington & Sutcliffe LLP

OCC allows banks to use debt securities in repo agreements

Orrick, Herrington & Sutcliffe LLP on

On June 12, the OCC issued Interpretive Letter 1185 confirming that national banks may use certain debt securities as collateral in repurchase (repo) agreements. In the letter, the OCC responded to a December 19, 2024,...more

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