Series 53: 4.3.2.1. VRDO Reporting And Disclosure Requirements

Taken from our Series 53 Online Guide

4.3.2.1. 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 reset information must be provided to the SH

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