S.L. 133.2 Art. 13Settlement.

(1) Settlement of the amount allotted to each successful bidder shall take place not more than three business days after the auction date as may be determined by the Accountant General.

(2) Payment and settlement shall be made on the date on which the relative Bills are dated, by not later than such time and in accordance with such procedures as the Accountant General may determine. The value date of the payment instrument shall be the issue date of the Treasury bill.

(3) When the date of the auction or settlement falls on a public holiday, such auction and relative settlement shall take place on the first business day immediately before.