Home
gpo.gov
govinfo.gov

e-CFR Navigation Aids

Browse

Simple Search

Advanced Search

 — Boolean

 — Proximity

 

Search History

Search Tips

Corrections

Latest Updates

User Info

FAQs

Agency List

Incorporation By Reference

eCFR logo

Related Resources

Electronic Code of Federal Regulations

We invite you to try out our new beta eCFR site at https://ecfr.federalregister.gov. We have made big changes to make the eCFR easier to use. Be sure to leave feedback using the Feedback button on the bottom right of each page!

e-CFR data is current as of February 25, 2021

Title 31Subtitle BChapter IISubchapter APart 375 → Subpart C


Title 31: Money and Finance: Treasury
PART 375—MARKETABLE TREASURY SECURITIES REDEMPTION OPERATIONS


Subpart C—Determination of Redemption Operation Results; Settlement


Contents
§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?

return arrow Back to Top

§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.

return arrow Back to Top

§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.

return arrow Back to Top

§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.

return arrow Back to Top

§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.

return arrow Back to Top

Need assistance?