(1) Participants must notify the State Treasury Money Management Trust managers of withdrawals no later than the close of business on the day prior to the withdrawal by emailing a completed Withdrawal Form.
(2) The participant may withdraw funds up to the principal balance in its account.
(3) Note. Earnings not yet credited are not available for withdrawal.
(4) Funds will be transferred upon verification of the participant's account balance.
(5) Any loss of principal or interest realized as a result of a participant’s demand for withdrawal of funds shall be incurred by the participant requesting the withdrawal and deducted on the day the withdrawal is made.
(b)
(1) The trust manager will wire funds to the participant's bank account as per instructions on file.
(2) Wire instructions must have been previously established prior to the withdrawal.
(3) Instructions may not be amended verbally.
(4) Withdrawn funds will not earn interest the day of withdrawal.
(5) Each participant is responsible for any required instructions for and/or notification of wire receipts with its local bank/agent.