S.L. 575.2 Art. 11Standard tenders.

(1) Save as provided in regulation 12, the Accountant General shall invite applications or tenders for Treasury Bills by giving notice in the Gazette not less than three business days prior to the final date on which applications or tenders will be received by the Accountant General. Such notice shall specify the date of the auction, the deadline for submission of bids, the period for which the bills are to be issued, the settlement date and the mode of payment of bills.

(2) If the Treasury Bills are due to be auctioned and issued (settled) in weeks including national or public holidays or bank holidays, the typical auction and settlement date (issue date) may be adjusted. Such adjustments will be notified in advance in the Treasury Bill issuance calendar.

(3) Where for the reasons mentioned in sub-regulation (2) or due to any other reason it is necessary to adjust the settlement date (issue date) from the standard issuance date as established by the Accountant General, the typical maturity term of the bills may be adjusted.