Title 7

SECTION 4290.1130

4290.1130 Leverage fees payable by RBIC.

§ 4290.1130 Leverage fees payable by RBIC.

(a) Leverage fee. You must pay the Agency a non-refundable leverage fee for each issuance of a Debenture. The fee is 3 percent of the face amount of the Debenture issued, and will be deducted from the proceeds remitted to you.

(b) Additional charge. You must pay the Agency an additional annual charge of 1 percent of the outstanding amount of your Debenture.

(c) Other Leverage fees. The Agency may establish a fee structure for services performed by the Central Registration Agent (CRA). The Agency will not collect any fee for its guarantee of TCs.

---