Form PD F 5441 PD F 5441 U.S. Treasury Auctions Submitter Agreement

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PD F 5441 E
Department of the Treasury
Bureau of the Public Debt
(Revised November 2003)

U.S. Treasury Auctions

OMB No. 1535-0137

Submitter Agreement
Definitions

1. In this Agreement, “you” and “your” refers to the institution submitting the agreement. Please print your institution’s legal name,
address, and ABA number (if applicable) in the space provided below.

Institution Name:
Address:
City/State/ZIP:
ABA: (if applicable)
2. In this Agreement, “we” or “us” refers to the Secretary of the Treasury and the Secretary’s representatives at the U.S.
Department of the Treasury and/or the Bureau of the Public Debt. The term also extends to Federal Reserve Banks
designated by Treasury to act on its behalf.
3. In the section herein entitled, “Terms and Conditions,” the term “service provider” refers to the entity or institution with
whom you have contracted or made arrangements to enter and transmit bids on your behalf.

Terms and Conditions
1. You certify that for every bid you submit, you will comply with the following:
•
•
•
•
•

The regulations in 31 CFR Part 356 (governing the sale and issue of Treasury Securities);
The applicable offering announcement;
The regulations in 31 CFR Part 370 (governing electronic transactions);
The regulations in 31 CFR Part 357 (governing TreasuryDirect transactions);
Federal Reserve System Operating Circular No. 5 (governing electronic access standards and requirements).

2. You certify that all information submitted to us on your behalf is accurate, true, and complete and that, to the best
of your knowledge, all information submitted on behalf of your customers is accurate, true, and complete and is
based on information given to you by your customers or intermediaries.
3. You certify that, if any information in this Agreement changes, you will notify us immediately and update this
Agreement in the manner that we require.
4. You certify that you will not conduct a transaction in an attempt knowingly or willfully to defraud and that you will not
knowingly or willfully make any oral or written statements (including information submitted electronically) that is false
or misleading, or which omits any fact necessary to make such statements not misleading.
5. The presentment of electronic authentication credentials (such as logon IDs and passwords) by those individuals
you authorize to access TAAPSLink will serve as that individual’s electronic signature for all transactions submitted
to us while that individual uses those credentials to access our electronic systems. Any transaction conducted
electronically is the equivalent of a written transaction. You are responsible for all transactions that occur in our
electronic systems, whether or not you authorized such transactions.

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PD F 5441
Department of the Treasury
Bureau of the Public Debt
(Revised November 2003)

6. You certify that each individual who has authentication credentials for Treasury auction applications will keep
his/her electronic authentication credentials strictly confidential. You must take action to stop access and notify us
immediately if:
• Any individual no longer requires, or should not have, access to our electronic auction systems; or
• Any individual may have had their electronic authentication credentials compromised.
7. The timestamp of an auction bid represents the time when we receive it. We may provide one or more confirmation
messages upon our receipt of an auction bid. Our determination of the official time of receipt of an auction bid is
final.
8. We are not liable for any disruptions, errors or failures in the operation of any computer systems or communication
facilities or lines between you and us. We are not liable for delays in the submission or receipt of bids.
9. We reserve the right to limit, condition, suspend or terminate the TAAPSLink access rights and privileges of any or
all TAAPSLink users. We reserve the right to accept, reject or refuse to accept any and all bids.
10. This agreement must be renewed annually. For you to terminate this Agreement, you must provide us not less than
five (5) business days prior written notice. A “business day” is the day other than a Saturday, Sunday, or other day
on which we are not open for business. We may terminate this agreement at any time without prior notice.
11. In those cases where an auction bid is transmitted by a service-provider on your behalf, you are responsible to the
same extent had the bid been transmitted by you.
12. In those cases where awarded securities are to be delivered to your securities account at a Federal Reserve Bank,
and you have a funds account at such Federal Reserve Bank, you authorize us to charge your funds account upon
delivery of the securities, unless other prior arrangements for payment have been made.
13. You must review any information about a submission that we make available to you, such as the award notification.
You must notify us immediately of any errors in this information before we issue securities to you. If you notice an
error, or if upon reasonable review an error should have been noticed by you, and you fail to report the error to us
before we issue securities to your account, we shall not be liable for any losses incurred as a result of issuance
consistent with the information in the award notification we provided.
14. After we issue securities awarded in an auction, if we reject a bid or determine that a transaction is unauthorized or
in violation of law, we reserve the right to require you to return any securities improperly issued to you. If you no
longer have possession of the securities, we reserve the right to, upon notice, require that you obtain securities of
the same term and maturity and provide those securities to us.
18. We reserve the right to reject this form if it is not an original, does not contain original signatures (stamped
signatures are unacceptable), or is altered in any manner.

Paperwork Reduction Act Notice. We estimate it will take you about 05 minutes to complete this form. However, you are not required to provide
information requested unless a valid OMB control number is displayed on the form. Any comments or suggestions regarding this form should be sent to
the Bureau of the Public Debt, Forms Management Officer, Parkersburg, WV 26106-1328.

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PD F 5441
Department of the Treasury
Bureau of the Public Debt
(Revised November 2003)

Agreement to Terms

This “Agreement to Terms” must be signed by an individual(s) authorized in accordance with your by-laws or by a resolution of your
Board of Directors, or other authorization, to commit your institution to the terms and conditions of this Agreement. By signing below,
the individual(s) agrees on behalf of the institution to the terms and conditions of this Agreement.

TYPE OR PRINT CLEARLY IN INK ONLY. *Denotes Required Fields
* Institution Name:
* Print Name of Primary Approving Officer:
* Title:

* Phone:

* Signature of Primary Approving Officer:

* Date:

(Appointing a Secondary Approving Officer is optional but highly recommended)
Print Name of Secondary Approving Officer:
Title:

Phone:

Signature of Secondary Approving Officer:

Date:
Affix Corporate Seal Here:

* Affixing of Corporate Seal or Medallion Stamp:

If the institution has a corporate seal,
it must be placed on this Agreement.

* Print Name of Officer Affixing Seal:

* Title:
(Officer affixing seal cannot be Primary Approving Officer listed above)

* Signature of Officer Affixing Seal:

* Date:

If the institution does not have a corporate seal,
a medallion stamp must be placed on this Agreement
and the certification below must be completed.

Affix Medallion Stamp Here:

I certify that

[name of Primary Approving Officer listed above], whose identity and

position is known or was proven to me, personally appeared before me at [Time]

on [Date]

at [Location]

and signed this document.

Print Name of Certifying Officer:

Title:

Signature of Certifying Officer:

Date:
This section for official use only

Received by:

Entered by:

Approved by:

Date:

Date:

Date:

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