UnThreaded | Threaded | Whole Thread (14) | Ignore Thread Prev | Next
Author: questionthefool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35345  
Subject: Re: I Bond Issue Date Date: 11/1/2001 1:37 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
The official rule is that they have to get the cash in hand and then the date is locked in. I just received the following mail today with the special exception for those who bought it online in the last few days of October.
----
For any question you may have regarding the issue date of a purchase made today, please read the following:

Regulations state that the issue date of the bond is based on the date we receive funds from the card issuer. Usually, it takes 2-3 business days to receive the funds. If you buy a bond near the end of the month, your bond's issue date may be the following month. For example, if you buy a bond on November 29, 2001, your bond's issue date will be December 2001.

At the end of October a number of unique circumstances coincided creating a situation where a large number of customers were unable to complete their orders. We were unable to notify these customers of alternative ways to purchase bonds in a timely manner.

Based on the extraordinary circumstances, we waived the regulations determining issue dates for the month of October. All online orders received in October will receive the issue date of 10/01.

Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (14) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Value Hounds

Medallion Financial: TAXI!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement