Series 53: 4.2.5.1. Delivery Of The Bonds

Taken from our Series 53 Online Guide

4.2.5.1. Delivery of the Bonds

As we have seen, book-entry bonds are registered and cleared through a registered clearinghouse, namely the DTC. The DTC may take up to a month to register a new issue, delaying the bond’s delivery and payment until it enters the registered bonds into

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