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receipt) must be supplied to the City and retained. The right of collateral <br /> 10.0 -a.- <br /> for repurchase agreements, enter d into by the Citi shall be conducted on <br /> party custodian designated by the City's Investment Committee and <br /> 10.0 Safekeeping <br /> 10.1 Delivery vs. Payment: All trades of marketable securities will be executed by <br /> delivery vs. payment (DVP)to ensure that securities are deposited with a third <br /> party custodian prior to the release of funds. <br /> 10.2 Safekeeping: Securities will be held by an independent third-party custodian <br /> selected by the Treasurer. Safekeeping receipts will evidence all transactions. <br /> 10.3 CD's: Certificates of deposit will be held by the Treasurer. <br /> 11.0 Diversification <br /> The City will diversify its investments by security type and institution. The following <br /> schedule provides the maximum holdings in any one type of investment or with any <br /> one issuer. <br /> Issuer Type Maximum Holdings Maximum Holdings <br /> Portfolio Issuer <br /> U.S. Treasury Notes, Bonds or 100% N/A <br /> Certificates <br /> Government Sponsored 90% 40% <br /> Enterprises <br /> Investment Deposits 20% 10% <br /> Certificates of Deposit 20� <br /> ° 10% <br /> Bankers Acceptances 20% 5% <br /> Repurchase Agreements 20% 10% <br /> Washington State Bonds 20% N/A <br /> Local Government Bonds 20% 5% <br /> LGIP 100% N/A <br /> Commercial Paper 10% 5% <br /> 03/20/01 - - <br />