Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Which rate table is used to determine penalty/premium for an early redemption of SLGS securities?

April 26, 2017determine early penalty Premium rate redemption securities slgs Table Used

0

Posted

Which rate table is used to determine penalty/premium for an early redemption of SLGS securities?

1 Answer

0

Posted

Penalty/premium is determined using the subscription date rate table used to lock-in your SLGS rate. The possibility for a premium has been available since the SLGS regulations that were effective on or after October 28, 1996. The rate table in effect on the date of an early redemption request is used to determine the Treasury cost of borrowing rate.