A:Hello, Madam. What can I do for you today?
B:Hello. Yes, I'm here to redeem a Treasury Note. It's not at the maturity date yet, but it is an emergency.
A:OK, can I see the note and some ID, please?
B:There you are. As you can see, the maturity isn't up yet.
A:You do realise that you must pay a 0.2% charge for premature cancellation, right?
B:Oh, really? No, I wasn't aware of that.
A:Unfortunately, yes. You see, this is a three-year note; it was issued over a year ago, but not over two years. So, you will have to pay. I'm sorry about that.