Results for tag: "Local Government Note"

The Local Government Note (LGN) market is a segment of the capital markets that provides financing for local governments. It is composed of short-term debt instruments issued by local governments to fund their operations. These notes are typically issued with maturities of one year or less and are backed by the full faith and credit of the issuing government. The LGN market is an important source of capital for local governments, providing them with the funds necessary to finance their operations and projects. The LGN market is regulated by the Securities and Exchange Commission (SEC) and is subject to the same disclosure requirements as other securities. The market is also subject to the same rules and regulations as other capital markets, including the requirement to register with the SEC. Some of the companies in the LGN market include Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fargo. Show Less Read more