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6.A. - Page 49 of 49 <br />REDWOOD CITY <br />GLOSSARY <br />For the Quarter Ended December 31, 2020 <br />• REPURCHASE AGREEMENTS: A holder of securities sells these securities to an investor with an agreement to repurchase them at a fixed price on a fixed date. <br />• SETTLE DATE: The date on which the transaction is settled and monies/securities are exchanged. If the settle date of the transaction (i.e., coupon payments and <br />maturity proceeds) occurs on a non -business day, the funds are exchanged on the next business day. <br />• TRADE DATE: The date on which the transaction occurred; however, the final consummation of the security transaction and payment has not yet taken place. <br />• UNSETTLED TRADE: A trade which has been executed; however, the final consummation of the security transaction and payment has not yet taken place. <br />• U.S. TREASURY: The department of the U.S. government that issues Treasury securities. <br />• YIELD: The rate of return based on the current market value, the annual interest receipts, maturity value, and the time period remaining until maturity, stated as a <br />percentage on an annualized basis. <br />• YTM AT COST: The yield to maturity at cost is the expected rate of return based on the original cost, the annual interest receipts, maturity value, and the time period from <br />purchase date to maturity, stated as a percentage on an annualized basis. <br />• YTM AT MARKET: The yield to maturity at market is the rate of return based on the current market value, the annual interest receipts, maturity value, and the time <br />period remaining until maturity, stated as a percentage on an annualized basis. <br />Appendix <br />PFM Asset Management LLC rid <br />