With respect to all U.S. securities held in the accounts, Custodian shall: 3.5.1. Receive all income and other payments and advise the County daily of any such amounts due but not paid. 3.5.2. Disclose its sources of, and accounting mechanism for, pay down information on all factor-based securities (e.g. MBS, ABS, SBA). 3.5.3. Present for payment, receive, transact and settle by the due date the amount paid upon all U.S. securities which may mature, be called, or have a coupon payment due. 3.5.4. Forward to the County all information or documents that it may receive from an issuer of U.S. securities which are intended for the beneficial owner of U.S. securities. 3.5.5. Execute, as custodian, any certificates of ownership, affidavits, declarations or other certificates under any tax laws now or hereafter in effect in connection with the collection of bonds and note coupons. 3.5.5.1. Hold directly, or through the book-entry system or a depository, all rights and similar U.S. securities issued with respect to any U.S. securities credited to the account hereunder. 3.5.5.2. Indicate its affiliation with any Depositories, including Depository Trust & Clearing Corporation (DTC)...
