---
kind: "section"
citation: "31 C.F.R. § 357.29"
title: "31"
number: "357.29"
heading: "Time required for processing transaction request."
url: "https://uscodex.org/cfr/31/357.29"
---

# §357.29. Time required for processing transaction request.


For purposes of a transaction request affecting payment instructions with respect to a security, a proper request must be received not less than ten (10) business days preceding the next payment date. If a transaction request is received less than ten (10) business days preceding a payment date, the Department may in its discretion act on such request if sufficient time remains for processing. If a transaction request is received too late for completion of the requested transaction, the transaction request will be acted upon with respect to future payments only.


## Notes

### Amendments

[51 FR 18265, May 16, 1986, as amended at 62 FR 18694, Apr. 16, 1997]

### Authority

Authority: 31 U.S.C. chapter 31; 5 U.S.C. 301; 12 U.S.C. 391.

### Source

Source: 51 FR 18265, May 16, 1986, unless otherwise noted.

### Amendments

[51 FR 18265, May 16, 1986, as amended at 62 FR 18694, Apr. 16, 1997]