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<br /> <br />Consulting Services Agreement between City of San Leandro and 7/1/2021 <br />Chandler Asset Management for Investment Services Exhibit F – Page 18 of 19 <br /> <br /> <br />REGIONAL DEALER. A financial intermediary that buys and sells securities for the benefit of its <br />customers without maintaining substantial inventories of securities and that is not a primary <br />dealer. <br /> <br />REPURCHASE AGREEMENT. Short-term purchases of securities with a simultaneous agreement to <br />sell the securities back at a higher price. From the seller’s point of view, the same <br />transaction is a reverse repurchase agreement. <br /> <br />SAFEKEEPING. A service to bank customers whereby securities are held by the bank in the <br />customer’s name. <br /> <br />STRUCTURED NOTE. A complex, fixed income instrument, which pays interest, based on a formula <br />tied to other interest rates, commodities or indices. Examples include inverse floating rate <br />notes which have coupons that increase when other interest rates are falling, and which fall <br />when other interest rates are rising, and "dual index floaters," which pay interest based on <br />the relationship between two other interest rates - for example, the yield on the ten-year <br />Treasury note minus the Libor rate. Issuers of such notes lock in a reduced cost of <br />borrowing by purchasing interest rate swap agreements. <br /> <br />SUPRANATIONAL. A Supranational is a multi-national organization whereby member states <br />transcend national boundaries or interests to share in the decision making to promote <br />economic development in the member countries. <br /> <br />TOTAL RATE OF RETURN. A measure of a portfolio’s performance over time. It is the internal rate <br />of return, which equates the beginning value of the portfolio with the ending value; it <br />includes interest earnings, realized and unrealized gains, and losses in the portfolio. <br /> <br />U.S. TREASURY OBLIGATIONS. Securities issued by the U.S. Treasury and backed by the full faith <br />and credit of the United States. Treasuries are considered to have no credit risk, and are the <br />benchmark for interest rates on all other securities in the US and overseas. The Treasury <br />issues both discounted securities and fixed coupon notes and bonds. <br /> <br />TREASURY BILLS. All securities issued with initial maturities of one year or less are issued as <br />discounted instruments, and are called Treasury bills. The Treasury currently issues three- <br />and six-month T-bills at regular weekly auctions. It also issues “cash management” bills as <br />needed to smooth out cash flows. <br /> <br />TREASURY NOTES. All securities issued with initial maturities of two to ten years are called <br />Treasury notes, and pay interest semi-annually. <br /> <br />TREASURY BONDS. All securities issued with initial maturities greater than ten years are called <br />Treasury bonds. Like Treasury notes, they pay interest semi-annually. <br /> <br />159