Redemptions - Canada Savings Bonds

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S42 May 2014The redemption values of redeemed Coupons are to be entered in ACSS (AutomatedClearing Settlement System) under Code 160 – Stream H: Treasury bills, Old StyleCanada Savings Bonds and Coupons, Government of Canada Marketable Bonds andCompound Interest Blocks for presentation to:Bank of CanadaWholesale Debt Unit234 Laurier Avenue WestOttawa, ON K1A 0G9A settlement will be issued for the value of all items entered in ACSS and will be settledvia the Canadian Payments Association’s Large Value Transfer System.For further information regarding the redemption of Redeemed Instruments, refer to theCanadian Payments Association Rule G3, Rules pertaining to the Redemption andSettlement of Government of Canada Paper Instruments.Adjustment ProcessAdjustments with Financial Institutions will be done only for values that are greaterthan $6.99 whether positive or negative.The Bank of Canada will continue to provide photocopies of the redeemed certificates (ifrequested) to those institutions receiving CSB Redemption Adjustments on paper when:• No “Paid” stamp appears on the redeemed certificates and the adjustment isreturned to the Data Centre;• The redeemed certificate claim value is incorrectly listed on the Data Centredetailed listing;• A certificate is received by itself; and• The redeemed certificate value has been incorrectly MICR-encoded (applicable toCSB Series S32 and after and all CPB Series).The Bank of Canada will provide the Data Centres with a Redemption AdjustmentSettlement Summary Report in order to assist them in determining the paperadjustments associated with a presentation for a settlement date and value.Adjustment InquiriesInquiries related to adjustments should be directed to your Central Branch DataCentre.If the inquiry cannot be resolved, the Central Branch Data Centre should call theCanada Savings Bonds Contact Centre at: 1 800 575-5151 (teletypewriter only 1 800354-2222) or write to:Canada Savings BondsPO Box 2770, Station DOttawa, ON K1P 1J7Redemptions 22
S42 May 2014Processing TimeAdjustments for bonds cashed in Jan. – Oct. are mailed to the Data Centre within 4-6weeks.Adjustments for bonds cashed in Nov. – Dec. are mailed to the Data Centre within 8-10weeks. Once again, these two months are an exception due to high volume of bondsbeing redeemed.Redemptions 23
Page 5 and 6: S42 May 2014Discharges by Registere
Page 7 and 8: S42 May 2014Canada Premium Bonds (C
Page 9 and 10: S42 May 2014Redemption PeriodsCanad
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Page 15: S42 May 2014Sample CSB Series 1 - 3
Page 18 and 19: S42 May 2014When redeeming R Bonds,
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Redemptions - Canada Savings Bonds

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