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The Central Post Office: making your life easier and the market more efficient.
Providing financial information to bondholders after the original issuance remains a confusing exercise for many state and local governments. However, a new initiative greatly facilitates the disclosure process for the issuers that must file this information and the many investors, analysts, and broker/dealers who use this information. The Central Post Office, as the initiative is known, allows issuers to file their disclosure documents using a free Web-based system that forwards the filings to each of the securities information repositories and helps ensure compliance with the requirements of SEC Rule 15c2-12. This article summarizes the evolution of disclosure ...
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