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San Leandro Investment Policy Statement Page 10 of 18 <br /> <br /> <br /> <br /> <br /> <br />Appendix A <br />City of San Leandro <br />Summary of Eligible Investments <br /> <br />Investment Type Maximum <br />Maturity <br /> <br />Maximum Amount <br /> <br />Other Requirements <br /> <br /> <br />Negotiated <br />Certificates of <br />Deposit (CDs) and <br />CDARs <br />5 Years 30% max of Portfolio CDs require Market Value <br />of Collateral at Least 110% <br />of Deposit if not FDIC <br />insured; CDARs are FDIC <br />insured <br /> <br />U.S. Government <br />Agency Securities <br />5 Years, Longer <br />Maturities if <br />Approved by <br />Council <br /> <br />30% max per Issuer None <br /> <br />U.S. Treasury <br />Securities <br /> <br />5 Years, Longer <br />Maturities if <br />Approved by <br />Council <br /> <br />None None <br /> <br />State Local <br />Agency <br />Investment Fund <br />(LAIF) <br /> <br />N/A Maximum Program <br />Limits <br />None <br /> <br />Bankers <br />Acceptances <br /> <br />180 Days 30% max per Issuer <br />40% max of Portfolio <br /> <br />Minimum Rating of “A” <br />from a NRSRO <br /> <br /> <br />Commercial <br />Paper <br /> <br />270 Days <br /> <br />5% Max Per Issuer <br />40% of the Issuer’s <br />Commercial Paper <br />Outstanding <br /> <br /> <br />Prime Quality Rating of “A- <br />1” and “P-1” from a <br />NRSRO. <br />Medium Term <br />Corporate Notes <br /> <br />5 Years 5% Max Per Issuer <br />30% max of Portfolio <br />Minimum Rating of “A” <br />from a NRSRO. <br />Repurchase <br />Agreements <br />1 Year 20% of Portfolio Master Agreement & Fully <br />Collateralized <br />Reverse <br />Repurchase <br />Agreements <br />92 Days 20% of Portfolio Proceeds Must be <br />Invested in Securities <br />Having Maturities Shorter <br />Than or Equal to Term of <br />Underlying Agreement <br />