Financial institutions accepting State funds on deposit must transfer collateral securities to a safekeeping bank and/or provide collateral instruments to OST prior to receiving said funds. Financial institutions retain a right to substitute and withdraw collateral securities, and collateral instruments if:

1. (1) the transaction would not reduce the total collateral pledged and provided below the required amounts as established in 735:10-1-3;
2. (2) the transaction is otherwise in compliance with these rules and regulations; and
3. (3) if the transaction is approved by the State Treasurer.

Added at 13 Ok Reg 1583, eff 4-2-96 (emergency)

Added at 13 Ok Reg 3341, eff 7-25-96

Amended at 15 Ok Reg 2479, eff 4-29-98 (emergency)

Amended at 15 Ok Reg 2865, eff 6-25-98