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Thread: CATS Treasury Security
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Created on: 07/03/09 12:15 PM
Replies: 2
Viewed: 209

Posted by: freespirit
77 posts since - 03/03/2007 		CATS Treasury Security - 7/3/09 at 12:15 PM

My client has a CATS treasury security (CERTIFICATE OF ACCRUAL ON TREASURY SECURITIES).

I believe they are sold at a discount, and you receive the face amount at maturity. However, it shows a MATURITY DATE of 8-15-2009, and also shows a DUE DATE of 8-15-2014.

Can someone explain the two different dates?

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Posted by: blrgcpa
1120 posts since - 11/17/2006 		RE: CATS Treasury Security - 7/3/09 at 2:54 PM

Are you sure the earlier isn't a callable date?

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Posted by: freespirit
77 posts since - 03/03/2007 		RE: CATS Treasury Security - 7/8/09 at 3:35 PM

I do not see anything that would indicate it is a callable date.

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