---
kind: "section"
citation: "31 C.F.R. § 370.36"
title: "31"
number: "370.36"
heading: "When does a transaction request become effective?"
url: "https://uscodex.org/cfr/31/370.36"
---

# §370.36. When does a transaction request become effective?


Except for auction bids of U.S. securities or unless otherwise agreed, a transaction request becomes effective at the moment we send a confirmation message. In no instance does a transaction request become effective before we actually receive the request.


## Notes

### Authority

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

### Source

Source: 64 FR 40487, July 26, 1999, unless otherwise noted.