About this document
Exceptions to Arbitrage Yield Restrictions by VIVEK SHARMA is a document available to read on EtoBox.
There are exceptions to the arbitrage yield restriction rule that allow bond issues to earn higher returns, including the reasonably required reserve or replacement fund exception, the three-year temporary period exception, and the bona fide debt service fund exception. As a result of these exceptions, the proceeds of a typical new governmental financing will not initially be subject to an arbitrage yield restriction.
- Author
- VIVEK SHARMA
- Language
- EN