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Code · CFR · Title 12 — Banks and Banking · Part 615 — Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations · § 615.5502

§ 615.5502. Issuance of global debt securities.

78 words·~1 min read·/us/cfr/t12/s§ 615.5502·

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(a)The Funding Corporation may provide for the sale of global debt securities on behalf of the Farm Credit banks through a global agent or agents by negotiation, offer, bid, or syndicate sale, and deliver such obligations by book-entry, wire transfer, or such other means as may be appropriate.
(b)The Funding Corporation Board of Directors shall establish appropriate criteria for the selection of global agents and shall approve each global agent. [60 FR 57919, Nov. 24, 1995]
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