CERR - About CD Early Redemption in PBS
Overview
The CD Early Redemption process allows you to enter certificate of deposit (CD) early redemption instructions and view payout information. You can:
- Enter new exempt instructions
Allows you to submit instructions to redeem a CD due to death or incompetence (exempt from interest penalties). - Enter new non-exempt instructions
Allows you to submit instructions to redeem a CD neither from death nor incompetence (subject to interest penalties). - View a summary list of all CD Redemptions
Allows you to view active issues that are pending payment and to review issues that have been previously redeemed.
When to Use
Use the CD early redemption process to inquire about CD early redemption announcements and allocations or to enter requests for early redemption of CDs, either exempt or non-exempt.
The CD early redemption process is available to enter CD
redemption instructions on business days from 8:00 a.m.
to 2:30 p.m. eastern time and all day long to enter CD inquiries.
For more information about CD Early Redemption:
- Entering Instructions for Exempt Issues
- Entering Instructions for Non-Exempt Issues
- Viewing and Submitting Unpaid Active Items
- Viewing Previously Submitted Instructions
You can access this service through the PBS Homepage –> Corporate Actions Services–> Securities Processing –> CD Early Redemption Requests.