Regulacje i polityka gospodarcza · 2.11.1998

Coupons Under Book-Entry Safekeeping (CUBES) and Bearer Corpora Conversion System (BECCS); Extension of Programs

This notice is being published to announce the extension by the Department of the Treasury of its Coupons Under Book-Entry Safekeeping (CUBES) and its Bearer Corpora Conversion System (BECCS) programs, pursuant to 31 CFR part 358. In a notice published on March 6, 1998 (63 FR 11357), the previously announced conversion window for both CUBES and BECCS ended on October 9, 1998. Due to the popularity of the BECCS conversion program, the Department is extending the operation of the conversion window beyond October 9, 1998, and will continue to accept both stripped bearer corpora and detached bearer coupons for conversion to book-entry form until further notice. The Department of the Treasury will publish a notice in the Federal Register not less than thirty (30) calendar days prior to the effective ending date of the CUBES and BECCS conversion window. The extension of the CUBES window will continue to permit the conversion to book-entry of certain physical coupons detached from U.S. Treasury bearer securities. The extension of the BECCS window will continue to permit the conversion to book-entry of U. S. Treasury stripped bearer corpora to book-entry form. CUBES and BECCS securities wi