PART B.1 - GENERAL CUSTODY REQUIREMENTS

4341. Definitions

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    1. The following terms have the meaning set out below when used in Part B of Rule 4300:

      “external acceptable securities location”

      An acceptable securities location for securities that are not under a Dealer Member’s physical possession but which are under a Dealer Member’s control.

      “internal acceptable securities location”

      An acceptable securities location for securities that are in a Dealer Member’s physical possession or physical control. Internal acceptable securities locations include acceptable transfer locations.

      “set-off risk”

      The risk exposure resulting when a Dealer Member has other transactions, balances or positions with a custodian, and the resulting balances could be set off against the value of the securities held by the custodian.

    There is no history log for this rule.

    There is no history log for this rule.