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Redemptions

This section contains information regarding redeeming Israel bonds under specific circumstances.

Physical Bond

To redeem a matured Israel bond in certificate form registered in your name, submit the following: 

  • A signed letter of instruction to Computershare, Israel's fiscal agent explaining your intent to redeem
  • The physical certificate (make a copy of your physical certificate for your personal records)
  • W-9 Form:
    • This form must be filled out and signed by
      1. the bondholder whose name appears first in the registration, or
      2. the broker on behalf of the account in which the bond is being held, or
      3. in the name of the minor and signed by the custodian, or
    • The W-9 is required to certify a U.S. resident's taxpayer identification number (social security number) so that any income received by the bondholder is properly reported to the U.S. Internal Revenue Service.
    • Without this form properly completed, the Fiscal Agent is required by law to backup withhold 28% of interest and/or principal payments.
Only use the form listed below if the bond is lost:
  • Affidavit of Loss & Indemnity(Please refer to instruction sheet for mailing address and applicable fees)
    • This form must be signed by every bondholder.
    • Please download the form for instructions and fee schedule.

Please note that you must complete this form in blue ink and all holders’ signatures must be notarized on the affidavit. 
 
If you are requesting that the redemption check be issued in a manner other than how the bond is registered, please call Client Support at 888.519.4111 so the necessary instructions can be provided to you.

Required Forms

W-9 Form
Affidavit of Loss & Indemnity (only if Physical Certificate is lost)

 

Joint Tenancy Bond – One Owner Deceased

To redeem an Israel bond registered in a joint tenancy (ownership by two or more individuals) where one of the co-owners has died, the surviving bondholder should submit the following:

  • A signed letter of instruction to the Fiscal Agent (Computershare) explaining your intent
  • The physical certificate (please make a copy of your physical certificate for your personal records) or, if the bond is in book entry, enclose a copy of the book entry statement
  • A certified death certificate of the deceased bondholder(s) or you may provide a copy along with below Assignment Separate from Bond Form.
  • Assignment Separate from Bond Form: (NOT REQUIRED IF AN ORIGINAL DEATH CERTIFICATE IS SENT)
    • This form is required ONLY if the check/bond is being issued to any person/entity other than those listed on the original registration
    • The original bondholder should complete this form as indicated below
      • Corporate – When an entity is the original bondholder
      • Individual – When an individual is the original bondholder
    • Please make sure this form is Medallion Guaranteed. This means a financial institution has guaranteed the signature on the document.  Many financial institutions offer this service for a fee. Please note, Israel bonds have limited transferability. Please review the prospectus for more information at http://www.israelbonds.com
  • Affidavit of Domicile Form:
    • This form is required to affirm the address, at the time of death, of the deceased bondholder.
    • All remaining holders (if applicable) must sign this document.
    • Please make sure that all signatures are notarized.

Only use the form listed below if the bond is lost.

  • Affidavit of Loss & Indemnity(Please refer to instruction sheet for mailing address and applicable fees)
    • This form must be signed by every remaining bondholder.
    • Please download the form for instructions and fee schedule.

Please note that you must complete this form in blue ink and all holders’ signatures must be notarized on the affidavit. 
 
Please mail (certified) or overnight/ground delivery the required documentation to:
 
Computershare
Attn: Israel Bonds
250 Royall Street
Canton, MA 02021
 
To contact the bank directly, please see the contact information for Computershare.

Required Forms

Assignment Separate from Bond Form
Affidavit of Domicile Form
Affidavit of Loss & Indemnity (only if original physical bond is lost)


 

Bond Initially Registered in the Name of a Minor-Minor Now of Age

To redeem a matured Israel bond that was registered in custodial format/minor now of age, the bondholder who has reached age of majority should submit the following:

  • A signed letter of instruction to the Fiscal Agent (Computershare) explaining your intent
  • The physical certificate (please make a copy of your physical certificate for your personal records) or, if the bond is in book entry, enclose a copy of the book entry statement
  • W-9 Form:
    • This form must be filled out and signed in the name of the minor, using the minor’s social security number, and signed by the custodian.
    • The W-9 is required to certify a U.S. resident's taxpayer identification number (social security number) so that any income received by the bondholder is properly reported to the U.S. Internal Revenue Service.
    • Without this form properly completed, the Fiscal Agent is required by law to backup withhold 28% of interest and/or principal payments.

For bonds with a value equal to or less than $10,000:

  • If more than the number of years equal to the majority age in the state where the minor resides have passed since the issuance of a bond held in custodial form for which a minor was the beneficial owner, no additional supporting documentation need to be provided by the adult bondholder to evidence that he or she has attained the majority age.
  • If less than the numbers of years equal to the majority age have passed since the issuance of the bond, the adult bondholder must provide a copy of passport, driver’s license or his or her birth certificate to evidence that he or she has attained the majority age.  A letter of instruction must also be signed by the adult bondholder in which he or she certifies that he or she has attained the majority age.

For bonds with a value equal to or greater than $10,001:
 
Assignment Separate from Bond Form:

  • Complete the Assignment Separate from Bond Form since the proceeds will be issued to someone other than the original bondholder.
    • The original bondholder should complete this form as indicated below
      • Corporate – When an entity is the original bondholder
      • Individual – When an individual is the original bondholder
    • Please make sure this document is Medallion Guaranteed.

Please make sure this form is Medallion Guaranteed.  This means a financial institution has guaranteed the signature on the document. Many financial institutions offer this service for a fee. Please note, Israel bonds have limited transferability. Please review the prospectuses for more information.
 
Only use the form listed below if bond is lost.

  • Affidavit of Loss & Indemnity:  (Please refer to instruction sheet for mailing address and applicable fees)
    • This form must be signed by every bondholder.
    • Please download the form for instructions and fee schedule.

Please note that you must complete this form in blue ink and all holders’ signatures must be notarized on the affidavit. 
 
Please mail (certified) or overnight/ground deliver the required documentation to:
 
Computershare
Attn: Israel Bonds
250 Royall Street
Canton, MA 02021
 
To contact Computershare directly, please see the contact information for Computershare.

Required Forms

Assignment Separate from Bond
W-9 Form
Affidavit of Loss & Indemnity (only if original physical bond is lost)
 

Deceased Bondholder for an Estate

To redeem an Israel bond owned by a deceased individual whose estate is in probate, the administrator of the estate who has been probated should submit the following:

  • A signed letter of instruction to the Fiscal Agent (Computershare) explaining your intent
  • The physical certificate (please make a copy of your physical certificate for your personal records) or, if the bond is in book entry, enclose a copy of the book entry statement
  • A certified death certificate of the deceased bondholder(s) or you may use the Certification – Copy of Document form in conjunction with a copy of the death certificate.
  • Affidavit of Domicile Form:
    • This form is required to affirm the address, at the time of death, of the deceased bondholder.
    • All remaining holders (if applicable) must sign this document.
    • Please make sure that all signatures are notarized.

Assignment Separate from Bond Form:

 

  • This form is required ONLY if the check/bond is being issued to any person/entity other than those listed on the original registration
  • Complete the “Assignment Separate from Bond” form since the proceeds will be issued to someone other than the original bondholder.
    • The original bondholder should complete this form as indicated below
      • Corporate – When an entity is the original bondholder
      • Individual – When an individual is the original bondholder
    • Please make sure this document is Medallion Guaranteed
    • Please make sure this form is Medallion Guaranteed. This means a financial institution has guaranteed the signature.  Many financial institutions offer this service for a fee. Please note, Israel bonds have limited transferability. Please review the prospectuses for more information. 
    • Letters Testamentary or Letters of Administration dated within six months prior to the date of submission of the documents if the estate is being administered in the state of New York and within 60 days prior in all other states


    Please mail (certified) or overnight/ground deliver the required documentation to:
     
    Computershare
    Attn: Israel Bonds
    250 Royall Street
    Canton, MA 02021

    Required Forms

    Affidavit of Domicile Form
    Assignment Separate from Bond

     

    Termination of an IRA/Profit Sharing Plan/Keogh Plan

    To redeem an Israel bond due to termination of an IRA/Profit sharing Plan/Keogh Plan in which the bond was held, please submit the following:

    • A signed letter of instruction to the fiscal agent from the brokerage firm/custodian for the account/plan explaining that they need to liquidate the bonds due to the IRA/Profit Sharing Plan/Keogh Plan being terminated
    • The physical certificate (please make a copy of your physical certificate for your personal records) or, if the bond is in book entry, enclose a copy of the book entry statement
    • W-9 Form:
      • This form must be filled out and signed by the broker on behalf of the account the bond is held in.
      • The W-9 is required to certify a U.S. resident's taxpayer identification number (social security number) so that any income received by the bondholder is properly reported to the U.S. Internal Revenue Service.
      • Without this form properly completed, the Fiscal Agent is required by law to backup withhold 28% of interest and/or principal payments.
    • Assignment Separate from Bond Form:
      • This form must be filled out and signed by the broker on behalf of the account from which the bond is being redeemed.
      • Please make sure this form is Medallion Guaranteed, which indicates a financial institution has guaranteed the signature. Many financial institutions offer this service for a fee. Please note, Israel bonds have limited transferability.
      • Please review the prospectuses for more information.


    Please mail (certified) or overnight/ground delivery the required documentation to:
     
    Computershare
    Attn: Israel Bonds
    250 Royall Street
    Canton, MA 02021
     
    To contact the bank directly, please see the contact information for Computershare.

    Required Forms

    W-9 Form
    Corporate Assignment Separate from Bond Form


     

    Matured Bank Leumi Certificates

    To redeem a matured Bank Leumi certificate, the certificate owner should submit the following:

    • W-9 Form:
      • This form must be filled out and signed by the bondholder whose name appears first in the registration.
      • The W-9 is required to certify a U.S. resident's taxpayer identification number (social security number) so that any income received by the bondholder is properly reported to the U.S. Internal Revenue Service.
      • Without this form properly completed, the Fiscal Agent is required by law to backup withhold 28% of interest and/or principal payments.
    • The physical certificate (please make a copy of your physical certificate for your personal records).


    Please mail (certified) or overnight/ground deliver the required documentation to:
     

    Development Corporation for Israel
    Attn: Customer Service
    641 Lexington Avenue, 9th Floor
    New York, NY 10022

    Required Forms

    W-9 Form

     

    Early Redemptions

    Death of Registered Owner

    To have your Israel bond repurchased (early redemption) by the State of Israel due to the death of the owner, the executor and/or beneficiary should submit the following:

  • A signed letter of instruction to the Fiscal Agent (Computershare) describing the circumstances necessitating the redemption.
  • The physical certificate (please make a copy of your physical certificate for your personal records) or, if the bond is in book entry, enclose a copy of the book entry statement
  • certified death certificate for the deceased bondholder(s) or you may use the Certification – Copy of Document form in conjunction with a copy of the death certificate.
  • W-9 Form:
    • This form must be filled out and signed by the person/entity who will ultimately receive the proceeds of this redemption.
    • The W-9 is required to certify a U.S. resident's taxpayer identification number (social security number) so that any income received by the bondholder is properly reported to the U.S. Internal Revenue Service.
    • Without this form properly completed, the Fiscal Agent is required by law to backup withhold 28% of interest and/or principal payments.
  • Affidavit of Domicile Form:
    • This form is required to affirm the address, at the time of death, of the deceased bondholder.
    • All remaining holders of the bond (if applicable, review the bond’s registration) must sign this document.
    • Please make sure that all signatures are notarized.
  • Assignment Separate from Bond Form:
    • This form is required ONLY if the check/bond will be issued to any person/entity other than those listed on the registration bond
  • Complete the Assignment Separate from Bond form since the proceeds will be issued to someone other than the original bondholder.
    • The original bondholder should complete this form as indicated below
      • Corporate – When an entity is the original bondholder
      • Individual – When an individual is the original bondholder
    • Please make sure this form is Medallion Guaranteed. This indicates a financial institution has guaranteed the signature.  Many financial institutions offer this service for a fee. Please note: Israel bonds have limited transferability. Please review the prospectuses for more information.
  • To contact Computershare directly, please see the contact information for Computershare.

    Required Forms

    Early Redemption by a Trustee for Bonds Valued $10,000 or Less

    To have your Israel bond (total value $10,000 or less) repurchased (early redemption) due to death of a bondholder where the bond is held in a trust, the Trustee should submit the following:

  • A signed letter of instruction to the Fiscal Agent (Computershare) describing what the paperwork you are submitting is to accomplish.
  • certified death certificate of the deceased bondholder(s) or you may use the Certification – Copy of Document form in conjunction with a copy of the death certificate.
  • Affidavit of Domicile Form:
    • This form is required to affirm the address, at the time of death, of the deceased bondholder.
    • All remaining holders (if applicable, review the bond’s registration) must sign this document.
    • Please make sure that all signatures are notarized.
  • A copy of the Trust Agreement (must include the page giving the Trustee authority to transact on behalf of the trust).
  • Please mail (certified) or overnight/ground delivery the required documentation to:
     
    Computershare 
    Attn: Israel Bonds
    250 Royall Street
    Canton, MA 02021
     
    To contact Computershare directly, please see the contact information for Computershare.

    Required Forms

    Early Redemption by a Trustee for Bonds Valued Greater Than $10,000

    To have an Israel bond repurchased (early redemption) due to the death of a bondholder whose bond was held in a trust, and valued greater than $10,000, the Trustee should submit the following:

  • A signed letter of instruction to the Fiscal Agent (Computershare) describing what the paperwork you are submitting is to accomplish.
  • The physical certificate (please make a copy of your physical certificate for your personal records) or, if the bond is in book entry, enclose a copy of the book entry statement
  • certified death certificate of the deceased bondholder(s) or you may use the Certification – Copy of Document form in conjunction with a copy of the death certificate.
  • Affidavit of Domicile Form:
    • This form is required to affirm the address, at the time of death, of the deceased bondholder.
    • All remaining holders (if applicable) must sign this document.
    • Please make sure that all signatures are notarized.
  • Assignment Separate from Bond Form:
    • This form is required ONLY if the check/bond is being issued to any person/entity other than the original person listed on the bond.
  • Complete the Assignment Separate from Bond form since the proceeds will be issued to someone other than the original bondholder.
    • The original bondholder should complete this form as indicated below
      • Corporate – When an entity is the original bondholder
      • Individual – When an individual is the original bondholder
    • Please make sure this document is Medallion Guaranteed
    • Please make sure this form is Medallion Guaranteed, which guarantees the signature by a financial institution.  Most financial institutions offer this service for a fee. Please note, Israel bonds have limited transferability. Please review the prospectuses for more information.
  • A copy of the Trust Agreement (must include the page giving the Trustee authority to transact on behalf of the trust).
  • Certificate of Appointment of Administrator dated within 90 days prior to the date of submission of the documents listed above.
  • Inheritance Tax Waiver, if required by your state. Please call Computershare at 866.764.3425 to determine if the Inheritance Tax Waiver is required by your state.
  • Certified Probate Court Order
  • Copy of the Will of the Decedent
  • Certified Court Order for Distribution
  • Please mail (certified) or overnight/ground delivery the required documentation to:
     
    Computershare 
    Attn: Israel Bonds
    250 Royall Street
    Canton, MA 02021
     
    To contact Computershare directly, please see the contact information for Computershare.

    Required Forms

  • Assignment Separate from Bond Form:
    • This form is required ONLY if the check/bond is being issued to any person/entity other than the original person listed on the bond.
  • Complete the Assignment Separate from Bond form since the proceeds will be issued to someone other than the original bondholder.
    • The original bondholder should complete this form as indicated below
      • Corporate – When an entity is the original bondholder
      • Individual – When an individual is the original bondholder
    • Please make sure this document is Medallion Guaranteed
    • Please make sure this form is Medallion Guaranteed, which guarantees the signature by a financial institution.  Most financial institutions offer this service for a fee. Please note, Israel bonds have limited transferability. Please review the prospectuses for more information.
  • The physical certificate (please make a copy of your physical certificate for your personal records) or if the bond is a book entry, please enclose a Book Entry Statement.