The following terms have the meanings set out below when used in Part C of Rule 4400:
The greater of:
- the aggregate client net equity for all client accounts, where net equity for each client is the excess, if any, of the total value of cash, securities, and other acceptable property the Dealer Member owes to the client over the total value of cash, securities, and other acceptable property the client owes to the Dealer Member, and
- the aggregate Dealer Member liquid and other allowable assets calculated in accordance with Form 1, Statement A.
“other acceptable property”
The same meaning as set out in Schedule 10 of Form 1.
“standard form financial institution bond”
The standard form of Financial Institution Bond insurance coverage a Dealer Member must obtain.