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Current as of January 01, 2025 | Updated by Findlaw Staff
“Acceptable collateral” means:
1. As to securities lending transactions, and for the purpose of calculating counterparty exposure amount, cash, cash equivalents, letters of credit, direct obligations of, or securities that are fully guaranteed as to principal and interest by, the Federal Government or any agency thereof, or by the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation and, as to lending foreign securities, sovereign debt rated 1 by the SVO;
2. As to repurchase transactions, cash, cash equivalents and direct obligations of, or securities that are fully guaranteed as to principal and interest by, the Federal Government or any agency thereof, or by the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation; and
3. As to reverse repurchase transactions, cash and cash equivalents.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 57. Insurance § 682A.007. “Acceptable collateral” defined - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-57-insurance/nv-rev-st-682a-007/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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