Single Issuer Concentration. 1. Municipal Obligations issued by any one issuer and rated BB or lower, or not rated, may comprise no more than 4% of total Fitch Eligible Assets. For purposes of identifying single issuers, the first six digits of the municipal security’s cusip will be considered the issuer identifier. It is possible that the six digit cusip may represent a conduit rather than the true issuer. Therefore, if any issuer exceeds the set limit, SSFA will research the true issuer on Bloomberg and notify Federated.
Appears in 38 contracts
Samples: Accounting Services Agreement (Federated Project & Trade Finance Tender Fund), Financial Administration and Accounting Services Agreement (Federated Core Trust III), Financial Administration and Accounting Services Agreement (Federated U S Government Securities Fund 1-3 Years)
