PART A.3 - SECURITY USAGE RESTRICTIONS AND CORRECTING SEGREGATION DEFICIENCIES

4323. Securities loan segregation deficiency

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    1. A Dealer Member that determines it has a securities loan segregation deficiency must:

      1. recall the securities from the borrower, or

      2. borrow the same issue of securities to cover the deficiency, 

    2. within the business day following the day it determines the deficiency exists.

    3. If the Dealer Member has not received the securities within five business days following the day it determines the deficiency exists, it must undertake to buy‑in the securities.

    There is no history log for this rule.

    There is no history log for this rule.