DTC Book-Entry System Approved for School Bonds
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Description
Pasadena ISD authorizes securities issuance under the Book-Entry Only System by registering bonds to Cede & Co., nominee of The Depository Trust Company (DTC). This enables electronic registration and transfer for institutional investors.
Contract Details
Vendor
CEDE & CO DBA THE DEPOSITORY TRUST COMPANY
Agency
Pasadena Isd, TX
Contract Type
FINANCIAL_SERVICES
Document Date
October 22, 2024
Contract Term
So long as DTC Book-Entry Only System remains in effect for these bond series
Renewal Info
Remains in effect unless DTC discontinues services or the District determines to terminate Book-Entry system. Successor may be appointed per bond order provisions.
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