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The TRADES regulation governs transfers and pledges for all Treasury securities in the commercial book-entry system. The TRADES regulation is based on Revised Article 8 of the Uniform Commercial Code (UCC), which deals with investment securities. In issuing the TRADES regulation, we didn’t override state law for those states that have adopted ...
How CBES works. The commercial book-entry system (CBES) is a way for investors who work with banks, brokers, and dealers to get and pay for Treasury securities. It works like this: Example: A customer of Broker M is selling a security to a customer of Financial Institution J. Here's what happens through CBES: Depository A's computer sends the ...
chapter ii—fiscal service, department of the treasury; subchapter a—bureau of the fiscal service; part 357—regulations governing book-entry treasury bonds, notes and bills held in treasury/reserve automated debt entry system (trades) and legacy treasury direct
asuryDirect are found at 31 CFR part 363.Transferability betwee. Legacy Treasury Direct and other systems. A Treasury security maintained in Leg-acy Treasury Direct may be trans-ferred to an account in TRADES or to an account in Trea. uryDirect in ac-cordance with §357.22(a). Securities may not be transferred to.
The Legacy Treasury Direct system is a non-Internet-based book-entry system maintained by Treasury for purchasing and holding marketable Treasury securities as book-entry products. A Treasury security is maintained in Legacy Treasury Direct if it is credited to a Legacy Treasury Direct account as described in § 357.20 of this part. Treasury ...
Except in the case of a security interest in favor of the United States or a Federal Reserve Bank or otherwise as provided in § 357.12 (e), for the purposes of this subpart B, the United States and the Federal Reserve Banks treat the Participant as exclusively entitled to perform the following functions, even if the Treasury or a Federal ...
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What are the regulations governing TreasuryDirect?
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How is a Treasury security maintained in Legacy Treasury Direct?
The Legacy Treasury Direct system is a non-Internet-based book-entry system maintained by Treasury for purchasing and holding marketable Treasury securities as book-entry products. A Treasury security is maintained in Legacy Treasury Direct if it is credited to a Legacy Treasury Direct account as described in § 357.20 of this part.
