If . . . | And if . . . | Then . . . |
(i) the total of your bids and your net long position in the security being auctioned equals or exceeds the reporting threshold | you must report your net long position (which does not include your bids). | |
(ii) the total of your bids in the auction equals or exceeds the reporting threshold | you have no position or a net short position in the security being auctioned | you must report a zero. |
(iii) the total of your bids and your net long position in the security being auctioned is less than the reporting threshold | you may either report nothing (leave the field blank) or report your net long position. |
31 C.F.R. §356.13