[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: 31CFR358.4]

[Page 429]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY
 
PART 358--REGULATIONS GOVERNING BOOK-ENTRY CONVERSION OF BEARER CORPORA AND DETACHED BEARER COUPONS--Table of Contents
 
Sec. 358.4  Which bearer corpora or detached bearer coupons are eligible for conversion to transferable BECCS or CUBES securities?

    (a) For a callable corpus to be eligible for conversion to a 
transferable BECCS security, all associated callable coupons must be 
submitted with the corpus. These callable coupons will be linked with 
the corpus within BECCS when converted. Once the coupons are linked to 
the corpus, they may not be transferred separately.
    (b) A corpus that is not subject to call will be converted to a 
transferable BECCS security.
    (c) Non-callable coupons will be converted to transferable CUBES 
securities.