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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 12 - Banks and Banking |
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Chapter VI - Farm Credit Administration |
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SubChapter B - Farm Credit System |
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Part 615 - Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations |
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Subpart P - Global Debt Securities |
§ 615.5502 - Issuance of global debt securities.
Latest version.
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§ 615.5502 Issuance of global debt securities.
(a) The Funding Corporation may provide for the sale of global debt securities on behalf of the Farm Credit banks through a global agent or agents by negotiation, offer, bid, or syndicate sale, and deliver such obligations by book-entry, wire transfer, or such other means as may be appropriate.
(b) The Funding Corporation Board of Directors shall establish appropriate criteria for the selection of global agents and shall approve each global agent.
[60 FR 57919, Nov. 24, 1995]