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Category:  General - Consultation Process
Subject:  Interest on security
ID:  10210
Date:  4/1/2009
Question:  Why does the OPA retain the interest on the security of the Applicant?
Answer:  Current OPA Contract Management policies allow security to be posted as either a Letter of Credit or paid by cash which must be provide in the form of a certified cheque, bank draft or electronic funds transfer. Interest is retained by the OPA on all security received in the form of cash.

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