Note 12. Contingent Liabilities: Collateral
The Province has entered into securities repurchase agreements and collateralized swap agreements with certain counterparties. Under the terms of those agreements, the Province may be required to pledge and/or receive assets relating to obligations to the counterparties. In the normal course of business, these pledged securities will be returned to the pledgor when there are no longer any outstanding obligations.
As at March 31, 2013, the Province pledged assets in the carrying amount of $1.9 billion (2012, $2.6 billion), which are included in Investments and/or Cash and Cash Equivalents.
Printed copy · Anthology Volume 9, page 590Printed copy from The Tender For Law Anthology, Volume 9, page 590 (printed 13 June 2014). Added by this site; not part of the Facebook export.