PART A.2 - BULK SEGREGATION CALCULATION

4318. Determining securities to comply with segregation requirements

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    1. A Dealer Member may choose any securities from a client’s accounts to satisfy the segregation requirements for that client’s positions, subject to the restrictions of applicable securities laws including, without limitation, a requirement that fully paid securities in a cash account be segregated before unpaid securities.

    2. A Dealer Member that sells securities required to be segregated for a client must keep them segregated until one business day prior to settlement or value date.

    3. Securities required to be segregated for a client must not be removed from segregation as a result of the purchase of any securities by that client until settlement or value date.

    There is no history log for this rule.

    There is no history log for this rule.