| Title: | SINGLE TRANSACTION BOND |
|---|---|
| Date: | 2000-10-04 |
| To: | abi |
| Links: | previous, next |
TO: ALL ABI BROKERS.
FROM: PAMELA MCGUYER
SUBJECT: ABI- SINGLE TRANSACTION BOND
DATE: 10/03/2000
SEPTEMBER 19, 2000
ENT-15-FO:TP:CP:E BI
TO : DIRECTORS, FIELD
OPERATIONS
PORT DIRECTORS
ABI FILERS
FROM : DIRECTOR, TRADE PROGRAMS
SUBJECT: SINGLE TRANSACTION BOND AMOUNT AND SURETY PRODUCER
ACCOUNT NUMBER
BACKGROUND:
ON JANUARY 1, 1999, TWO NEW FIELDS WERE ADDED TO THE ABI ENTRY
SUMMARY TRANSACTION. THESE FIELDS WERE THE BOND AMOUNT FOR A
SINGLE TRANSACTION BOND AND THE SURETY PRODUCER ACCOUNT NUMBER.
THE BOND AMOUNT IS THE AMOUNT OF THE SINGLE TRANSACTION BOND
REQUIRED TO BE FILED WITH THE ENTRY TO OBTAIN THE RELEASE OF THE
MERCHANDISE.
THE SURETY PRODUCER ACCOUNT NUMBER IS ASSIGNED BY A SURETY
COMPANY AND IS A UNIQUE IDENTIFIER.
PROBLEM:
FILERS ARE FREQUENTLY ENTERING THE INCORRECT BOND AMOUNT AND
SURETY PRODUCER ACCOUNT NUMBER IN THEIR ABI TRANSMISSIONS.
FURTHERMORE, THE INFORMATION CONTAINED IN THE ABI TRANSMISSIONS
DOES NOT AGREE WITH THE PRINTED DOCUMENTS (CF 301, CF 3461, AND
CF 7501).
ACTION:
ABI FILERS MUST ENSURE THAT THE BOND AMOUNT TRANSMITTED IN THE
ABI BOND AMOUNT FIELD MATCHES THE PRINTED CF 301. ABI FILERS
THAT DO NOT HAVE OR ARE NOT SURE OF THEIR SURETY PRODUCER
ACCOUNT NUMBER MUST IMMEDIATELY CONTACT THEIR SURETY COMPANY OR
SURETY AGENT TO OBTAIN THE CORRECT NUMBER.
REPEATED VIOLATIONS MAY BE REFERRED TO THE APPROPRIATE BROKER
COMPLIANCE OFFICER.
/S/
ELIZABETH G. DURANT