Commercial Paper (CP) Equipment Financing
Flow of Funds Procedures For Delivery of CP Proceeds and Receipt of Lease
Payments
Delivery of CP Proceeds to Campus/Auxiliary (i.e. Lessor)

CP for the purpose of financing equipment will be issued quarterly by the CSU
Institute.

On, or shortly after, the day CP is issued, the CSU Institute, through its bank,
Bank of America, will wire the CP proceeds to the CSU CO Wells Fargo main
account. The proceeds will then be disbursed by the CSU CO Cash Management
Office via Cash Posting Order (CPO) to the campus investment account in
SWIFT.

If the CP proceeds are for an auxiliary, the campus shall forward the funds to the
auxiliary via arrangements made between the campus and the auxiliary.
Lease Payments from Campus/Auxiliary (i.e. Lessor)

Lease payments for the repayment of equipment financing will be made quarterly
by each campus/auxiliary.

On each quarterly due date, lease payments due from the campus will be
transferred by the CSU CO Cash Management Office via Cash Posting Order
(CPO) to the CO investment account. From there, it will be wired to Bank of
America to meet the due date.

If the payment is from an auxiliary, the auxiliary shall forward, in advance, the
appropriate amount of funds to the campus via arrangements made between the
campus and the auxiliary.