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How should Separate Trading of Registered Interest and Principal Securities (STRIPS) be reported?

April 26, 2017Principal registered reported securities separate strips trading

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How should Separate Trading of Registered Interest and Principal Securities (STRIPS) be reported?

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A. Separate Trading of Registered Interest and Principal Securities (STRIPS) are U.S. Treasury securities that are stripped by private institutions and re-issued as zero-coupon securities. For the purpose of reporting on TIC Form S, these should be classified as U.S. Treasury securities and Federal Financing Bank Bonds and Notes, in columns 1 and 2, as appropriate.