Series 53: VRDO Reporting And Disclosure Requirements

Taken from our Series 53 Online Guide

VRDO Reporting and Disclosure Requirements

VRDO remarketing agents must report the following information to the MSRB at the time of any interest rate reset:

  • CUSIP number
  • Identity of the remarketing agent
  • Date and time of the interest rate reset
  • Effective date and length of time, in days, that the interest rate is applicable
  • Minimum denomination
  • Interest rate and whether it is a maximum rate set by formula or by the remarketing agent
  • Length of notification period
  • Identity of the liquidity provider, type, and expiration date of each liquidity facility
  • Identity of the issuer’s tender agent

Interest rate

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