Thread Starter: rlcarey
Title: Re: Holding Company OD
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What was the collateral that secured this loan to your affiliate?
Sec. 223.14 What are the collateral requirements for a credit transaction with an affiliate?
(a) Collateral required for extensions of credit and certain other covered transactions. A member bank must ensure that each of its credit transactions with an affiliate is secured by the amount of collateral required by paragraph (b) of this section at the time of the transaction.
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