31 C.F.R. § 363.143

Current through September 30, 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