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U <br /> NET WORTH -A financial institutions' available funds after their total liabilities have been <br /> deducted from their total assets. <br /> OFFER-The indicated price at which a seller is willing to sell a security or commodity. (See <br /> BID)When buying a security an offer is obtained. <br /> PAR VALUE-The nominal or face value of a debt security;that is,the value at maturity. <br /> PREMIUM -The amount by which a bond'sells above its par value. <br /> PRIMARY DEALERS -A pre-approved bank,broker/dealer or other financial institution that <br /> w <br /> is able to make business deals with the U.S. cederal rtain eserve, such as requiremenderwts asrwelgaseprovide <br /> government debt.These dealers must meetliquidity <br /> a valuable flow of information to the Fed about the state of the worldwide markets. <br /> PRINCIPAL-An invested amount on which interest is charged or earned. <br /> PRUDENCE-The ability to govern and discipline oneself the e the use of reason.of Shrewdness in <br /> the management of affairs.Able to use skill and good judgment <br /> exem <br /> QUALIFIED PUBLIC DEPOSITORY-A financial institution valoremwhich esnot uc claim the taxes tion <br /> from the payment of any sales or compensating use oral <br /> this state,which has segregated,for the benefit of the a, eligile bed byltherPubiic'ng <br /> a value of not less than its maximum liability and which has been ppro <br /> Deposit Protection Commission to hold public deposits. <br /> REPURCHASE AGREEMENT(REPO) -The Repo a `s a t a secured contractual <br /> rloan)!The nvestor exchanges cash <br /> transaction between an <br /> investor and an issuing financial institution the <br /> for temporary ownership of specific securities,with anaagne securitiesnt between <br /> a prearranged pat <br /> ice. <br /> on a future date,the financial institution will repurchase <br /> An "Open Repo" does not have a specified repurchase date and the repurchase price is <br /> established by a formula computation. <br /> REPRICING -The revaluation of the market value of securities. <br /> SAFEKEEPING-A service to customers rendered by bankstie for a fee whereby <br /> rebyor all securities <br /> in <br /> and valuables of all types and descriptions are held <br /> in the case of book entry securities, are held and recorded in the customer's name and are <br /> inaccessible to anyone else. <br /> SECURITIES - Bonds, notes, mortgages, or other forms of negotiable or non-negotiable <br /> instruments. <br /> SECURITY AND EXCHANGE COMMISSION UNIFORM oEe CAPITAL RU tt securities customers,15C -1) The <br /> net capital rule focuses on liquidity and is designed to p <br /> Policy(2017) <br />