OpenBook: How to Place a Bid

Individuals may place bids for OpenBook Corporate Bond auctions by calling 1-800-673-6476 and speaking to a customer service representative. Non-competitive bids are accepted in $1,000 increments (the face value of a bond). You must have a WR Hambrecht + Co brokerage account to participate in OpenBook auctions. New brokerage accounts can be opened online.

A customer service representative will contact successful bidders after the auction is run. Settlement for the purchase is "regular way", or three days after the purchase. Remember, non-competitive bids will result in an award of bonds in any successful OpenBook auction.