[Code of Federal Regulations]
[Title 31, Volume 2]
[Revised as of July 1, 2006]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR344.3]

[Page 278]
 
                  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 provisions apply to the SLGSafe Service?

    (a) What is the SLGSafe Service? SLGSafe is a secure Internet site 
on the World Wide Web through which subscribers submit SLGS securities 
transactions. SLGSafe Internet transactions constitute electronic 
messages under 31 CFR part 370.
    (b) Is SLGSafe use mandatory? Yes. Except as provided in 
paragraph(f)(3) or (f)(4) of this section, you must submit all 
transactions through SLGSafe.
    (c) What terms and conditions apply to SLGSafe? The terms and 
conditions contained in the following documents, which may be downloaded 
from BPD's Web site and which may change from time to time, apply to 
SLGSafe transactions:
    (1) SLGSafe Application for Internet Access and SLGSafe User 
Acknowledgment; and
    (2) SLGSafe User's Manual.
    (d) Who can apply for SLGSafe access? If you are an owner or a 
potential owner of SLGS securities, or act as a trustee or other agent 
of the owner, you can apply to BPD for SLGSafe access. Other potential 
users of SLGSafe include, but are not limited to, underwriters, 
financial advisors, and bond counsel.
    (e) How do I apply for SLGSafe access? Submit to BPD a completed 
SLGSafe Application for Internet Access. The form is found on BPD's Web 
site.
    (f) What are the conditions of SLGSafe use? If you are designated as 
an authorized user, on a SLGSafe application that we've approved, you 
must:
    (1) Assume the sole responsibility and the entire risk of use and 
operation of your electronic connection;
    (2) Agree that we may act on any electronic message to the same 
extent as if we had received a written instruction bearing the signature 
of your duly authorized officer;
    (3) Submit electronic messages and other transaction requests 
exclusively through SLGSafe, except to the extent you establish to the 
satisfaction of BPD that good cause exists for you to submit such 
subscriptions and requests by other means; and
    (4) Agree to submit transactions manually if we notify you that due 
to problems with hardware, software, data transmission, or any other 
reason, we are unable to send or receive electronic messages through 
SLGSafe.
    (g) When is the SLGSafe window open? All SLGSafe subscriptions, 
requests for early redemption of Time Deposit securities, and requests 
for redemption of Demand Deposit securities must be received by BPD on 
business days no earlier than 10 a.m. and no later than 10 p.m., Eastern 
time. The official time is the date and time as shown on BPD's 
application server. Except as otherwise provided in Sec.  344.5(d) and 
Sec.  344.8(d), all other functions may be performed during the extended 
SLGSafe hours, from 8 a.m. until 10 p.m., Eastern time.