Functions of agents, including Central Registration Agent, Selling Agent and Fiscal Agent.

CFR · 2024-01-01 · US · Title 13

(a) (1) (i) Selecting qualified entities to become pool or Trust assemblers (“Poolers”). (ii) Receiving guaranteed Debentures and Participating Securities as well as negotiating the terms and conditions of periodic offerings of Debentures and/or TCs with Poolers on behalf of Licensees. (iii) Directing and coordinating periodic sales of Debentures and Participating Securities and/or TCs. (iv) Arranging for the production of the Offering Circular, certificates, and such other documents as may be required from time to time. (2) (i) Establish performance criteria for Poolers. (ii) Monitor and evaluate the financial markets to determine those factors that will minimize or reduce the cost of funding Debentures or Participating Securities. (iii) Monitor the performance of the Selling Agent, Poolers, CRA, and the Trustee. (iv) Perform such other functions as SBA, from time to time, may prescribe. (3) (i) Form an SBA-approved Pool or Trust; (ii) Issue the TCs in the form prescribed by SBA; (iii) Transfer the TCs upon the sale of original issue TCs in any secondary market transaction; (iv) Receive payments from Licensees; (v) Make periodic payments as scheduled or required by the terms of the TCs, and pay all amounts required to be paid upon prepayment of Debentures or redemption of Participating Securities; (vi) Hold, safeguard, and release all Debentures and Participating Securities constituting Trusts or Pools upon instructions from SBA; (vii) Remain custodian of such other document

official document · source cfr-2024 · id 13:§ 107.1620