[Code of Federal Regulations]
[Title 31, Volume 2]
[Revised as of July 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR344.3]

[Page 260-261]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY
 
PART 344--U.S. TREASURY SECURITIES--STATE AND LOCAL GOVERNMENT SERIES--Table of Contents
 
                     Subpart A--General Information
 
Sec. 344.3  What special provisions apply to SLGSafeSM Internet transactions?

    (a) What is SLGSafeSM? SLGSafe\SM\ is a secure Internet 
site on the World Wide Web through which you can submit SLGS securities 
transactions. SLGSafe\SM\ Internet transactions constitute electronic 
messages under 31 CFR part 370.
    (b) When can I subscribe using SLGSafeSM? You will be 
able to submit SLGSafe\SM\ transactions to DSI after we approve your 
SLGSafe\SM\ Application under Sec. 344.3(g).
    (c) What special terms and conditions apply to SLGSafeSM? 
The following terms and conditions, which may change from time to time, 
apply to SLGSafe\SM\ transactions and are downloadable from Public 
Debt's website:
    (1) SLGSafe\SM\ Application for Internet Access and SLGSafe\SM\ User 
Acknowledgment;
    (2) Public Debt's Certificate Practice Statement; and
    (3) SLGSafe\SM\ Internet User's Guide.
    (d) Who can apply for SLGSafeSM access? There are five 
roles in SLGSafe\SM\: owner, trustee, receiving depository financial 
institution, subscriber, and viewer. If you are an owner

[[Page 261]]

of SLGS securities or act as a trustee, receiving depository financial 
institution or subscriber, you can apply to DSI for authorization to 
send electronic messages through SLGSafe\SM\. If you are an owner or 
trustee, you can authorize your SLGS securities holdings to be accessed 
by any other viewer who applies for SLGSafe\SM\ access.
    (e) What SLGSafeSM functions can I perform in each role? 
The role that you play in SLGSafe\SM\ shall determine the functions that 
you will be allowed to perform. An explanation of the roles and 
functions is outlined in the SLGSafeSM Internet User's Guide.
    (f) How do I apply for access to SLGSafeSM? You must 
apply for SLGSafe\SM\ access before performing any Internet functions. 
To apply for SLGSafe\SM\ Internet access, you must:
    (1) Submit to DSI a completed Treasury form, PD F 4144-5, 
SLGSafe\SM\ Application for Internet Access;
    (2) Appoint a SLGSafe\SM\ Access Administrator and a backup 
administrator who certify that the information on the SLGSafe\SM\ 
Application is accurate;
    (3) Ensure only authorized users are reflected on the SLGSafe\SM\ 
Application; and
    (4) Await our written approval of your SLGSafe\SM\ Application 
before you, or anyone acting on your behalf, uses an electronic 
connection to access any of our services or to send any electronic 
messages.
    (g) How is my SLGSafeSM Application approved? The 
Secretary has the sole discretion to determine the priority of approval 
of SLGSafe\SM\ Applications. Upon receipt of your SLGSafe\SM\ 
Application, we will review your SLGSafe\SM\ Application and send to you 
either an approval or rejection notice. If we approve your SLGSafe\SM\ 
Application, we will:
    (1) Issue a digital certificate with an associated authorization 
code to each user you authorize on your approved application; and
    (2) Provide access to your existing portfolio of SLGS securities, if 
any, to enable you to access the SLGS securities through SLGSafe\SM\.
    (h) What are the conditions of SLGSafeSM use? If you are 
designated as an authorized user on a SLGSafe\SM\ Application that we've 
approved, you must:
    (1) Sign, and send to DSI, a User Acknowledgment regarding the use 
of the digital certificate and authorization code;
    (2) Have and maintain the compatibility of your computer(s) and 
associated equipment and software so that you can send electronic 
messages and permit us to send an automatic confirmation receipt of each 
transaction, and any other information, to you on a timely basis 
throughout the day;
    (3) Assume the sole responsibility and the entire risk of use and 
operation of your electronic connection;
    (4) Agree that we may act on any electronic message that we 
authenticate as yours under Public Debt's Certificate Practice 
Statement, and any other Certificate Policy that Treasury may issue, to 
the same extent as if we had received a written instruction bearing the 
signature of your duly authorized officer;
    (5) Submit electronic messages exclusively through SLGSafe\SM\ 
unless you:
    (i) Are unable to do so; and
    (ii) Notify us before submitting transactions by other means; and
    (6) Agree to submit transactions by other means if we notify you 
that problems with hardware, software or data transmission delays, or 
any other reason, prevent our sending or receiving electronic messages.
    (i) If I am an Internet customer, how do I submit transactions using 
SLGSafeSM to DSI? Internet customers must submit transactions 
to DSI through the SLGSafe\SM\ Internet site at Public Debt's website. 
If your electronic message is accepted, we will send automatically an 
electronic confirmation to you. You can use the confirmation notice to 
verify the date and time that Public Debt's Application server received 
the electronic message that you submitted.