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Code · CFR · Title 31 — Money and Finance: Treasury · Part 375 · § 375.11

§ 375.11. Who may participate in a redemption operation?

70 words·~1 min read·/us/cfr/t31/s§ 375.11·

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(a)Submitters. To be a submitter, you must be:
(1)An institution that the Federal Reserve Bank of New York has designated as a primary dealer; or
(2)An entity approved by the Treasury Department to participate directly in redemption operations.
(b)Others. A person or entity other than a submitter may participate only if it arranges to have an offer or offers submitted on its behalf by a submitter.
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§ 375.11
Who may participate in a redemption operation?
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