Laserfiche WebLink
<br /> <br />Consulting Services Agreement between City of San Leandro and 7/1/2021 <br />Chandler Asset Management for Investment Services Exhibit F – Page 13 of 19 <br /> <br /> <br />Appendix B <br />Glossary of Investment Terms <br /> <br />AGENCIES. Shorthand market terminology for any obligation issued by a government-sponsored <br />entity (GSE), or a federally related institution. Most obligations of GSEs are not guaranteed <br />by the full faith and credit of the US government. Examples are: <br /> <br />FFCB. The Federal Farm Credit Bank System provides credit and liquidity in the <br />agricultural industry. FFCB issues discount notes and bonds. <br /> <br />FHLB. The Federal Home Loan Bank provides credit and liquidity in the housing market. <br />FHLB issues discount notes and bonds. <br /> <br />FHLMC. Like FHLB, the Federal Home Loan Mortgage Corporation provides credit and <br />liquidity in the housing market. FHLMC, also called “FreddieMac” issues discount <br />notes, bonds and mortgage pass-through securities. <br /> <br />FNMA. Like FHLB and FreddieMac, the Federal National Mortgage Association was <br />established to provide credit and liquidity in the housing market. FNMA, also known <br />as “FannieMae,” issues discount notes, bonds and mortgage pass-through securities. <br /> <br />GNMA. The Government National Mortgage Association, known as “GinnieMae,” issues <br />mortgage pass-through securities, which are guaranteed by the full faith and credit of <br />the US Government. <br /> <br />PEFCO. The Private Export Funding Corporation assists exporters. Obligations of PEFCO <br />are not guaranteed by the full faith and credit of the US government. <br /> <br />TVA. The Tennessee Valley Authority provides flood control and power and promotes <br />development in portions of the Tennessee, Ohio, and Mississippi River valleys. TVA <br />currently issues discount notes and bonds. <br /> <br />ASKED. The price at which a seller offers to sell a security. <br /> <br />ASSET BACKED SECURITIES. Securities supported by pools of installment loans or leases or by <br />pools of revolving lines of credit. <br /> <br />AVERAGE LIFE. In mortgage-related investments, including CMOs, the average time to expected <br />receipt of principal payments, weighted by the amount of principal expected. <br /> <br />BANKER’S ACCEPTANCE. A money market instrument created to facilitate international trade <br />transactions. It is highly liquid and safe because the risk of the trade transaction is <br />transferred to the bank which “accepts” the obligation to pay the investor. <br />154