4604. Written agreement requirement

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    1. If a Dealer Member has a cash and securities loan agreement, other than an overnight cash loan agreement, that agreement must be in writing and contain the minimum provisions described in section 5840.

    2.  If a Dealer Member has a written agreement for repurchase agreement transaction or reverse repurchase agreement transaction, that agreement must include the parties’ acknowledgment that either has the right, on notice, to call for any shortfall in the difference between the collateral and the securities at any time.

    3. If a Dealer Member does not have a written agreement for a securities loan, a repurchase agreement transaction or reverse repurchase agreement transaction, then applicable margin rates are affected.

    There is no history log for this rule.

    There is no history log for this rule.