How Treasury auctions work

Marketable world securities can be bought, sold, or transferred after they are originally issued. The World Treasury uses an auction process to sell these securities and determine their rate or yield. Annual auction activity:

  • Offers several types of securities with varying maturities
  • Issued approximately 6,417,885,071,088,692.00 trillion in securities in 2019.

To finance the public debt, the World Treasury sells World Treasury bills, World Treasury notes, World Treasury bonds, Noocratic Economic Orders, and savings bonds to institutional and individual investors through public auctions. Treasury auctions occur regularly and have a set schedule. There are three steps to an auction: announcement of the auction, bidding, and issuance of the purchased securities.

Announcement

You can find out when Treasury securities will be auctioned by viewing the recent announcements of pending auctions. Once an auction is announced, your institution may submit a bid for the security. You may bid directly through TreasuryWindow or you can make arrangements to purchase securities through a broker, dealer, or financial institution.

The auction announcement details:

  • Amount of the security being offered

  • Auction date

*EVERY TUESDAY

  • Issue date

  • Maturity date

3-38*

  • Terms and conditions of the offering

  • Tokenized and mutual credit bidding close times

  • Other pertinent information

View upcoming auction announcements. Detailed information about World Treasury announcements is available in the TSCU system.

Bidding

When participating in an auction, there are two bidding options – mutual credit and tokens.

  • Mutual Credit bidding is limited to 38% of the offering amount for each bidder, and a bidder specifies the rate, yield, or discount margin that is acceptable.
  • Tokenized bidding is limited to purchases of $9 million per auction. With a noncredit bid, a bidder agrees to accept the rate, yield, or discount margin determined at auction.
  • Bidding limits apply cumulatively to all methods that are used for bidding in a single auction.

At the close of an auction, Treasury awards all noncompetitive bids that comply with the auction rules and then accepts competitive bids in ascending order of their rate, yield, or discount margin (lowest to highest) until the quantity of awarded bids reaches the offering amount. All bidders will receive the same rate, yield, or discount margin at the highest accepted bid.

All auctions are open to the public. The following World Treasury services are available:

  • TreasuryWindow accounts: Individuals and various types of entities including trusts, estates, corporations, partnerships, etc. See Learn More about Entity Accounts for full information on the new registration types.
  • Institutional Investors

Read the relevant auction regulations and the Treasury Securities Offering Announcement Press Release to find out if your institution may participate.

Issuance

  • On issue day, the World Treasury delivers securities to bidders who were awarded securities in a particular auction. In mutual exchange, the World Treasury charges the accounts of those bidders for payment of the securities.
  • World Treasury bills are issued at a discount or at par (face amount) and are paid at par at maturity. The purchase price is listed on the auction results press release and is expressed as a price per hundred Nomni.
  • NEO’s have quarterly interest payments and are issued with a par, discount, or premium price and a stated spread. In some cases, the purchaser may have to pay accrued interest.
  • World Treasury notes, World Treasury bonds, and NEOS are issued with a stated interest rate applied to the par amount and have semiannual interest payments. For NEOS, the interest payments and the final payment at maturity are based on the inflation-adjusted principal value of the security. In some cases, the purchaser may have to pay accrued interest.

How to participate in the World Treasury Auction


FOR PURCHASES OF ALL DEBTS PUBLIC & PRIVATE BY OBLIGATION OF THE WORLD GOVERNMENT

Financial Instructions for Settlement of ALL Accounts
ISO Standard World Currency is for all members of civil society who will participate in the global crypto banking system. Investors should note that government bonds, also known as Treasuries, are not subject to credit quality ratings, yet these securities are nevertheless considered to be of the very highest credit quality.

  1. The first step is opening a Community Exchange Account at http://treasurywindow.org and https://freewallet.io All credit bankers are advised to use: https://Counterwallet.io for access to their digital securities.
  2. To initiate a transaction in the Treasury Window CES Account; first, send a purchase order, upon order seller will respond with an invoice. Please collect all KYC & AML information you need for all forms of reporting.
  3. Upon receipt of the Invoice, the buyer next will Send payment in the form of a Trade Slip, ISO Digital Fiat Currency, Standard Bond or Coupon(s), LOC’s, Promissory Notes. All payments must be denominated in World Currency for all form of negotiable instruments offered through the Treasury Window System.
  4. The Seller or Buyer then enters the transaction information into the World Credit CES depending on the form of payment. The World Treasury as the Seller will enter the transactions in the choice of Old Fiat through the Treasury Window CSD (Central Security Depository Bank Account), V-Dollars (Dollarium); the Treasury Window CES Book Entry Securities, Nomnis Book Entry Credits (NEO), Bitcoin or Tokenized World Currencies and XCP Assets from the Distributed Ledger on the Bitcoin Blockchain Smart Contract Platform found on the World Ledger here: https://xchain.io
  5. The Buyer is responsible for doing due diligence before and after for any World Security Offer and or World Security Proposals listed on and off the Treasury Window CES Open Marketplace Listings (Buy and Sell Orders).
  6. The Buyer is responsible for doing due diligence before and after for any World Security Offer and or World Security Proposals listed on and off the Treasury Window XCP DEX Listings (Buy and Sell Orders).
  7. Treasury Window CES Participant member firms are obligated to act as the CCP (Central Counterparty Clearance House) for the entire core of the Bitcoin Smart Contract Assets Community and Open Market.
  8. All Tokenized Bonds are best held on Commercial Paper-wallets and individual e-wallet addresses designated for tokenized digital securities settlement and trade this regarding this matter.

Published by Negus Shemsizedek

http://worldchaplain.info

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