OMB POLICY STATEMENTS
OMB Revises Business Rules For Intragovernmental Transactions
"The Office of Management and Budget issued a memorandum earlier this month alerting departments to revisions of the business rules for intragovernmental transactions pertaining to fiduciary activities and exchange-type transactions.
Fiduciary activities must now include a date specification to begin queuing and using first in first out methods to redeem and sell securities. Exchange-type transactions now must include a list of specific data elements needed for an interagency transaction. Also, the new revisions allow agencies to delete rules prohibiting advanced payment, an OMB spokesperson said."
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