31 C.F.R. § 363.143

Current through October 31, 2024
Section 363.143 - How do I purchase a security using the redemption proceeds of my zero-percent certificate of indebtedness?

You may purchase an eligible security by redeeming all or a portion of your zero-percent certificate of indebtedness and applying the proceeds toward the purchase of another eligible security. To do this, your zero-percent certificate of indebtedness must be of sufficient value to cover the cost of the security. If you are paying for a security using the redemption proceeds of a zero-percent certificate of indebtedness, you must pay the full amount of the purchase price of the security using the redemption proceeds.

31 C.F.R. §363.143

69 FR 50309 , Aug. 16, 2004. Redesignated at 75 FR 70816 , Nov. 19, 2010