4603. General requirements

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    1. Marking to market

      1. Borrowed securities and collateral must be marked to market daily on a loan by loan basis.

    2. Record transactions

      1. A Dealer Member must record all financing transactions in its records.

    3. Loan accounts

      1. A Dealer Member must keep financing accounts separate from the Dealer Member’s securities trading accounts.

      2. A Dealer Member must keep financing accounts separate from the client’s securities trading accounts.

    4. Confirmations and month-end statements

      1. A Dealer Member must issue confirmations and month‑end statements, except when the transaction with other regulated entities is processed through an acceptable clearing corporation.

    5. Buy-ins

      1. A Dealer Member must begin a buy‑in (liquidating transaction) within two business days of the date on which the buy‑in notice is given.

    There is no history log for this rule.

    There is no history log for this rule.