Series 53: Operational Arrangements (OA) Letter

Taken from our Series 53 - MSRB Municipal Securities Principal Qualification Exam

Definition of the term Operational Arrangements (OA) Letter...

a letter submitted an issuer’s transfer agent as part of a new issue’s application for eligibility at a registered securities depository. The OA letter constitutes a written assurance that the agent will comply with the Depository Trust Company’s operational rules.

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