Exercise
Fill in the blank.
1. An agreement to publicly disclose information relevant to the market value of the bonds throughout their lives is called a _____.
2. The underwriter of a new municipal issue must deliver copies of the official statement within _____ business day(s) to any investor who requests it. This practice must be continued until the underwriter has provided a copy to the MSRB and until at least _____ days have elapsed from the end of the underwriting period.
3. Underwriters must also provide the MSRB with copies of any amendments to the official statement up until the _____ day after the settlement of the underwriting.
4. A _____ is a communication from the managing underwriter that tells syndicate members the final terms of the underwriting.
5. For competitive sales, issuers of municipal securities must apply for new issue eligibility at a securities depository registered with the SEC, such as the DTC, no later than _____ business day(s) after they award the securities to an underwriter.
6. For a negotiated sale, issuers of municipal securities must apply for new issue eligibility at a securities depository registered with the SEC, such as the DTC, right after the _____ has been executed.
7. _____ is an electronic system operated by the Depository Trust and Clearing Corporation, which accepts new issue