|Centralized processing and management of all pledging and maintenance of collateral through State Treasurer’s office rather than with each local agency.
||Elimination of pledging and maintenance of fluctuating collateral balances for public deposit accounts.
|Reduction in overall collateral requirement by utilization of a single account versus accounts with each government agency.
||State Treasurer manages and monitors all collateral for all public deposits.
|Single collateral pledge agreement with the State Treasurer rather than individual agreements with each government agency.
||State Treasurer manages activities to maintain 102% pledged collateral for public deposits.
|Ability to use a single custodian to hold the collateral for all government agencies.
||Elimination of the need to establish a custodial agreement to hold collateral.
|Elimination of reporting to government agencies.
||Increased reporting of pledged securities for public deposits.