31 CFR § 375.23 - How does the securities delivery process work?

---
identifier: "/us/cfr/t31/s375.23"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "31 CFR § 375.23 - How does the securities delivery process work?"
title_number: 31
title_name: "Money and Finance: Treasury"
section_number: "375.23"
section_name: "How does the securities delivery process work?"
chapter_name: "FISCAL SERVICE, DEPARTMENT OF THE TREASURY"
subchapter_number: "A"
subchapter_name: "BUREAU OF THE FISCAL SERVICE"
part_number: "375"
part_name: "MARKETABLE TREASURY SECURITIES REDEMPTION OPERATIONS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "5 U.S.C. 301; 31 U.S.C. 321; 31 U.S.C. 3111; 12 U.S.C. 391."
regulatory_source: "65 FR 3116, Jan. 19, 2000, as amended at 91 FR 15541, Mar. 30, 2026, unless otherwise noted."
cfr_part: "375"
---


# 375.23 How does the securities delivery process work?

If any of the offers you submitted are accepted, you must transfer the correct book-entry Treasury securities in the correct par amount against the correct settlement amount on the settlement date. You must deliver the securities to the account specified in the redemption operation announcement.