We will determine which offers or portions of offers to accept after the closing time for receipt of tenders. All such determinations will be final.

We will make the redemption operation results available on our website. For each operation, the results generally will include information such as the amounts offered and accepted and pricing information.

(a) Confirmations to submitters. We will provide a confirmation of acceptance in the form of a results message to submitters of offers by the close of the business day of the redemption operation. We will not provide confirmation of rejections of offers.

(b) Confirmation of customer offers. If you submit a successful offer for a customer, you are responsible for notifying that customer of the impending redemption.

If any of the offers you submitted are accepted, you must transfer the correct book-entry Treasury securities in the correct par amount against the correct settlement amount on the settlement date. You must deliver the securities to the account specified in the redemption operation announcement.

Offers at the highest accepted price for a particular security may be accepted on a prorated basis.