| Getting Started |
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Using S & Y Online is easy - just register and you can browse our online inventory
immediately. You'll view a complete selection of municipal bonds, at market-level
institutional pricing. And unlike other web sites, you can order at S & Y Online from a
live inventory and receive trade confirmations online in minutes during market hours.
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Once you have obtained a username and password, login to S & Y Online using the form on the
S & Y Online home page or the Login page.
S & Y Online delivers all municipal bonds through the DVP system,
therefore you do not need to make a deposit to S & Y Online in order to begin trading.
Our customer service department is available during market hours
at 1-415-445-2618 to assist you with any questions about opening an account or completing a trade.
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| Inventory Searching |
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S & Y Online allows users to search our live inventory of municipal bonds. Simply
enter your desired search parameters and press "Submit". S & Y Online will return
the municipal bonds which meet your search criteria. For more information about a bond issue,
just click the "question mark" next to the bond listing.
You can buy bonds or bid bonds
with a click of your mouse. Because we offer a live inventory, our offerings are
constantly changing. If we don't have what you're looking for, please let us know
and we will notify you as soon as bonds which meet your criteria become available.
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| Buying or Bidding Bonds |
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To buy bonds, simply select the bonds you are interested in from the web site, press "Order",
indicate your desired order quantity and submit your order.
To bid bonds, press "Order" next to the bond issue you wish to bid, indicate a quantity on the order ticket and
adjust the offer price (by yield OR dollar price) using the arrows next to the offer price. Recalculate the ticket and submit it.
We will respond to your bid in minutes during market hours.
If you prefer to speak directly to the trading desk to bid or buy bonds, call
1-415-445-2618 during market hours.
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| Easy Settlement |
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Because S & Y Online uses the DVP system, settlement to your existing brokerage account or
custodial bank is easy. Your trades are
confirmed in minutes and settled the third day after the trade date (unless otherwise specified on your order ticket). The bonds are
delivered to the account that you specify.
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