Collapse to view only § 375.23 - How does the securities delivery process work?
- § 375.20 - When will the Treasury decide on which offers to accept?
- § 375.21 - When and how will the Treasury announce the redemption operation results?
- § 375.22 - Will I receive confirmations and, if I am submitting offers for others, do I have to provide confirmations?
- § 375.23 - How does the securities delivery process work?
§ 375.20 - When will the Treasury decide on which offers to accept?
We will determine which offers or portions of offers to accept after the closing time for receipt of tenders. All such determinations will be final.
§ 375.21 - When and how will the Treasury announce the redemption operation results?
We will make an official announcement of the redemption operation results through a press release. For each security we redeem, the press release will include such information as the amounts offered and accepted, the highest price accepted, and the remaining privately held amount outstanding.
§ 375.22 - Will I receive confirmations and, if I am submitting offers for others, do I have to provide confirmations?
(a) Confirmations to submitters. We will provide a confirmation of acceptance or rejection in the form of a results message to submitters of offers by the close of the business day of the redemption operation.
(b) Confirmation of customer offers. If you submit a successful offer for a customer, you are responsible for notifying that customer of the impending redemption.
§ 375.23 - How does the securities delivery process work?
If any of the offers you submitted are accepted, you must transfer the correct book-entry Treasury securities in the correct par amount against the correct settlement amount on the settlement date. You must deliver the securities to the account specified in the redemption operation announcement.