The Pennsylvania Statement of Interest Exchange (DSC:15-345) is the process of exchanging interest payments among municipal bond issuers in the state of Pennsylvania. This process is intended to help ensure the liquidity of the municipal bond market in the state by allowing the issuers to manage cash flow more efficiently. The Pennsylvania Statement of Interest Exchange consists of two types of transactions: the Purchase Agreement and the Swap Agreement. The Purchase Agreement is a sale of interest payments from one issuer to another, while the Swap Agreement is a simultaneous exchange of interest payments between two issuers. Both types of transactions are subject to the rules and regulations of the Pennsylvania Department of Banking and Securities.
The Pennsylvania Statement of Interest Exchange (DSC:15-345) is the process of exchanging interest payments among municipal bond issuers in the state of Pennsylvania. This process is intended to help ensure the liquidity of the municipal bond market in the state by allowing the issuers to manage cash flow more efficiently. The Pennsylvania Statement of Interest Exchange consists of two types of transactions: the Purchase Agreement and the Swap Agreement. The Purchase Agreement is a sale of interest payments from one issuer to another, while the Swap Agreement is a simultaneous exchange of interest payments between two issuers. Both types of transactions are subject to the rules and regulations of the Pennsylvania Department of Banking and Securities.