31 C.F.R. Subpart C—Determination of Redemption Operation Results; Settlement
Title 31 - Money and Finance: Treasury
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. 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. (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. 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.
Title 31: Money and Finance: Treasury
PART 375—MARKETABLE TREASURY SECURITIES REDEMPTION OPERATIONS
Subpart C—Determination of Redemption Operation Results; Settlement
§ 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?
