Book Entry Only (“BEO”) Services: 1. As registrar and transfer agent, the Provider shall authenticate the bonds, after communication by the State with the Provider on the issuance of new bonds, including the Preliminary Official Statement, which will be deemed notification to the Provider of a pending new issue, and general terms/structure. At the time of sale, the final bond information will be provided. Bond Counsel will prepare, have executed, and will deliver bonds to the Provider for authentication. Bonds will be issued as DTC FAST book entry only. 2. The Provider shall establish DTC, or its nominee, as the sole registered bondholder and participate in the bond closing, including authorizing the release of the bonds to DTC. 3. The Provider shall periodically confirm with DTC, and separately with the State, the principal and interest due on the next payment date. In advance of a payment date, the State will provide a debit notification authorizing the Provider to initiate a reverse wire (see #4 below). 4. On each payment date, the Provider shall initiate the reverse wire transfer from the State’s account (currently with the Bank of America). The Provider shall initiate the reverse wire no later than 9:30 am on each payment date to ensure same-day payment can be made to DTC in a timely manner. The Provider shall remit to DTC full amounts due in a timely manner on the payment date. By 1:00 pm on each payment date, the Provider shall provide a detailed confirmation report to the State of all amounts transmitted to DTC...
