The Texas 00 132 form serves as an application for the deposit of securities with a custodian, ensuring compliance with section 404.031 of the Texas Government Code. This form is essential for depositories looking to pledge their securities securely and efficiently. By completing this form, individuals and organizations can facilitate the proper management of their financial assets.
The Texas 00 132 form serves as a crucial application for depositing securities with a custodian, ensuring compliance with Texas Government Code section 404.031. This form is designed for depositories looking to pledge securities, allowing for a streamlined process of securing state collateral. Upon completion, it must be emailed to the designated address, where a signed copy is required for processing. The Comptroller's office will review the submission, and if accepted, they will approve it and send a copy to the custodian. This initiates a series of actions that include the custodian executing the deposit form and returning necessary documentation back to both the Comptroller and the depositing depository. The form requires detailed information about the securities being deposited, including the CUSIP numbers, maturity dates, interest rates, and par values. It also emphasizes the importance of legal ownership, as depositories must confirm that the securities are free from any liens or claims. The process is further supported by clear instructions for custodians and depositories alike, ensuring that all parties understand their roles in this essential financial transaction. Ultimately, the Texas 00 132 form is a vital tool for managing state securities, providing a structured approach to collateral management that protects both the state’s interests and those of the depositories involved.
When filling out the Texas 00-132 form, there are several important dos and don'ts to keep in mind. Following these guidelines can help ensure a smooth and successful submission process.
By adhering to these dos and don'ts, you can help facilitate a more efficient process and avoid potential delays. Remember, attention to detail is key when dealing with financial documentation.
The Texas 00 132 form is an application used for the deposit of securities with a custodian. This form is in accordance with section 404.031 of the Texas Government Code. It allows depositories to formally pledge securities as collateral.
This form must be completed by any depository that wishes to deposit securities with a custodian. It is essential for those who are legally and actually the owners of the securities, ensuring that they are free from any liens or claims.
To submit the form, you need to complete it and email one signed copy to collateral@cpa.texas.gov . Once accepted, the Comptroller will approve the form and send a copy to the custodian.
The form requires several pieces of information, including:
It is important to provide accurate information to avoid delays in processing.
Once you submit the form, the Comptroller will review it. If approved, a copy will be sent to the custodian. The custodian will then execute the form and return it along with a safekeeping receipt to the Comptroller and to the depository.
A safekeeping receipt is a document issued by the custodian to acknowledge the deposit of securities. It serves as proof that the securities are held in a transferable form and are securely stored by the custodian.
You can list a maximum of five securities per page on the Texas 00 132 form. Each security should be detailed with its respective CUSIP number, maturity date, interest rate, and par value.
If you require assistance, you can contact the Comptroller's office. The phone numbers for inquiries are 512-463-5902 and 512-463-3875. They can provide guidance on how to complete the form and answer any questions you may have.
The completed form should be emailed to the Comptroller of Public Accounts at collateral@cpa.texas.gov . If you prefer to send it by mail, you can address it to:
Comptroller of Public Accounts Treasury Operations, Rusk Bldg., Rm. 636 P.O. Box 12608 Austin, TX 78711-2608
Completing the Texas 00 132 form is a straightforward process that involves providing specific information about the securities you wish to deposit. After filling out the form, you will email a signed copy to the designated address. If the Comptroller accepts your application, they will send an approved copy to your custodian, who will then complete the process by returning the necessary documents.
Completing the Texas 00 132 form can seem straightforward, but several common mistakes can lead to delays or complications in the process. One frequent error is failing to provide accurate contact information. The form requires a phone number, including the area code, for both the depository and the custodian. Omitting this detail can hinder communication and create unnecessary obstacles in processing the deposit.
Another common mistake involves the description of securities. The form specifies that each issue must be listed by CUSIP, with a separate safekeeping receipt number for each. People often overlook this requirement and either combine multiple securities under one CUSIP or fail to include all necessary details. This can lead to confusion and may result in the rejection of the application.
Additionally, many applicants neglect to check the appropriate box for the type of collateral being deposited. The form provides options for state collateral and pooled collateral, but if this section is left unchecked, it may cause delays as the Comptroller's office will need to seek clarification. Ensuring that this box is marked correctly is crucial for a smooth processing experience.
Lastly, individuals sometimes forget to sign and date the form. An authorized signature is essential for validating the application. Without it, the form may be deemed incomplete, and the entire process could be stalled. Taking a moment to review the form for all required signatures and dates can save time and frustration.
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