The Private Registered Bond is part of the SPC (Secured Party Creditor) process and is between you and the Treasury hence the word “private”.
They should not to be confused with investment bonds that are public…
Your Private Registered Bond for Set off (BC Bond), Private Registered Indemnity Bond, Private Registered offset and Discharge Bond, Private Registered Bonded Promissory Note are part of the SPC Bond process…not public, not sold or exchanged on the open market.
Ultimately, the Bonds are your collateral …. in order to set off/discharge debt, is the intent.