I subscribed for Time Deposit SLGS securities prior to August 15, 2005. Do I have to comply with yield certifications?
If you early redeem SLGS securities subscribed for under SLGS regulations in place before August 15, 2005, yield certification requirements do not apply to such SLGS securities provided the proceeds are not invested in new SLGS securities. When the proceeds of SLGS securities redeemed prior to maturity on or after August 15, 2005, are reinvested in new SLGS securities, then the yield certifications apply. You will be required to make the certification at the time you subscribe for the new SLGS securities.
Related Questions
- I subscribed for Time Deposit SLGS securities before 8/15/2005. Why does SLGSafe require a yield certification when I redeem the securities early after 8/15/2005?
- Can I withdraw my initial deposit prior to 180 days deposit expiration time?
- What is the difference between Time Deposit and Demand Deposit SLGS?
