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Proceeds from the Sale of a Security

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.

After the sale of the security, the Debt Accounting Branch (DAB) will notify the Federal Executive Agency of the proceeds. The net proceeds will be credited to the agency’s Agency Location Code (ALC).

Method of Payment

The preferred method of payment for the proceeds from the sale of a security is the Fedwire Deposit System via CA$HLINK. The net proceeds will be deposited in the ALC shown in the Letter of Intent. To help the agency facilitate the acceptance of the net proceeds, the Fedwire entry provides a tracer message that includes:

  • A unique reference number/title
  • Agency contact
  • Phone number

The DAB provides this information to the broker-dealer.

Notification

The DAB will provide a receipt for the proceeds through fax or e-mail to the agency’s contact once the wire has been completed.

Note: On rare occasions, cash dividends, security dividends, or additional shares of securities received as a result of a stock split are received in our broker-dealer account while we’re in the process of liquidating the security. In the event that this happens, the additional shares will be liquidated and the net proceeds credited to the agency’s ALC.