Prime Securities definition
Prime Securities means Residential Securities that have a FICO Score equal to or above 700. "Residential A Mortgage-Backed Securities" means Collateral Debt Securities (other than Residential
Examples of Prime Securities in a sentence
Each Fund acknowledges that State Street Navigator Prime Securities Lending Trust, in which cash Collateral will be invested as set forth above, may purchase or sell investments of cash Collateral to or from other accounts held by State Street or its affiliates.
Upon successful completion of Alternative Securities Market, LLC’s Broker Dealer Registration, Alternative Securities Market, LLC will be the Prime Securities Broker for the Securities Offered with this proposed offering.
In addition, no Fund, by itself or in the aggregate with any other series of the Trust, may acquire more than 10% of the voting securities of State Street Navigator Prime Securities Lending Trust or any series thereof.