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Home > Stakeholder Relations > Financing Policies and Practices > Use of Proceeds

Use of Proceeds
Where HD Faculty™ or its designated Investment Management Team employs a Trustee in a given transaction, the Trustee is required to establish or cause to be established a non-commingled account at the institution wherein the said sum is required to be deposited and remain therein until maturity and/or be dealt with in the mutually agreed upon prescribed manner.

The designated Investment Team and HD Faculty are required to use the said sum to establish a liquid account, known as "Secondary Reserve, being "cash on deposit" in the designated account, which may be required to facilitate HD Faculty's operating liquidity reserve requirements.

 

 

 

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