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EXHIBIT A All security transactions entered into by the City shall be conducted on a delivery- versus-payment(DVP)basis. Securities purchased from brokers/dealers will be held by a third party custodian designated by the Director of Finance and evidenced by safekeeping receipts. Securities do not literally have to be held in the name of the City but ownership is evidenced through safekeeping or custodial receipts and/or statements. TRUST AGREEMENTS The City shall direct the investment activities of trustees. Such direction shall be in keeping with the terms and conditions of its bond agreements, applicable law and policies set forth in this document. DIVERSIFICATION The City will diversify its instruments by security type and institution, meeting at least the minimum requirements as outlined in Government Code Section 53601. With the exception of U.S. Treasury securities, Federal Agency securities and authorized pools, no more than 30% of the total portfolio, and less where stated, will be invested in a single security type with no more than 5 percent invested with a single issuer. Summary of Investment Requirements City Code Investment Type Minimum Minimum City Code City Code Quality Quality Maximum% Maximum% Maximum Maximum Parameters Parameters of Portfolio of Portfolio Maturity Maturity U.S.Treasury None None None None 5 Years 5 Years- -I Formatted Table Obligations _ Federal Agency None None None None 5 Years 5 Years Obligations Bankers Al/P1 None 30%/5% 40%/30% 180 Days 180 Days Acceptances issuer issuer State and Local "A"Rated None 30%/5% None 5 Years 5 Years Obligations obligation issuer Commercial Al/P1/F1 Al/P1/F1 25%/5% 25%/10% 270 Days 270 Days Paper issuer issuer Negotiable "A"Rated None 30%/5% 30% 5 Years 5 Years Certificates of Financial issuer Deposit institutions 7