Glossary for Security Liquidation

Note: This page does not apply to savings bonds, TreasuryDirect accounts or Legacy Treasury Direct accounts. For information or questions related to these subjects, please select "Contact Us" at the top of this page.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 123

A

Agency Location Code (ALC): The account to which the net proceeds will be deposited. It is a two-, four-, or eight-digit symbol assigned by the Bureau of the Fiscal Service (Fiscal Service) that uniquely identifies each agency that reports receipts and disbursements to the Fiscal Service. It is similar to a bank account number and is used by the Fiscal Service to ensure correct financial reporting.

B

Broker-Dealer: An entity that handles orders to sell securities, commodities, or other property. The Funds Management Branch may liquidate securities through a broker-dealer who maintains a local custodial account to facilitate the deposit and transfer of funds.

C

Collections Information Repository (CIR): The Collections Information Repository (CIR) is a web-based tool that gives federal agencies information on deposits and collections. CIR streamlines financial transactions information from all collections and settlement systems into one place.

Credit Gateway: The Credit Gateway is a convenient way for federal agencies to get their money from Fedwire and Automated Clearing House (ACH) transactions. A commercial bank operates the Credit Gateway for us by processing transactions and settling them at Federal Reserve Banks.

F

Federal Executive Agency: Term used to identify an agency, commission, or committee in the Executive Branch, usually established by statute, order, or agreement. The Executive Branch administers the programs and policies of the federal government. It has the power to design and execute the programs of the federal government. The head of the Executive Branch is the President of the United States. Refer to the United States Government Manual for a complete list of agencies, commissions, and committees.

Fedwire Deposit System: An electronic transfer system developed and maintained by the Federal Reserve. The system connects Federal Reserve Banks (FRB), the Treasury, Government agencies and depositary institutions that maintain an account at an FRB.

L

Liquidation: The process of converting securities or other property into cash.

N

Net Proceeds: Proceeds wired to the Federal Executive Agency from the sale of the security, less any commissions, SEC fees, and any processing fees.

O

Obligation: Bonds, notes, or other securities acquired by the Secretary of the Treasury of the United States Government or delivered by an executive agency.

P

Proceeds: The money obtained from the sale of a security. These proceeds are the result of the number of shares sold multiplied by the price per share.

S

Securities and Exchange Commission (SEC): The federal government agency with authority to administer federal securities laws.

Security: Any bond, debenture, note, certificate, or other evidence of indebtedness, issued by a corporation, a government or political subdivision thereof.

T

Tracer Message: Additional information allowed on the Fedwire that is limited to 3 lines with 16 characters each used by an agency to recognize proceeds.