PART A.1 – FIXED INCOME TRANSACTIONS

4806. Fixed income redemption payment

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    1. A Dealer Member must not pay to a client regarding any maturity the redemption price or other amount due on redemption of such securities where the price or amount exceeds $100,000, unless:

      1. the Dealer Member has first received an amount equal to such price or other amount from the issuer or its agent by cheque certified by or accepted without qualification by a chartered bank, or

      2. the Dealer Member has first received or is credited an amount equal to such price or other amount through the facilities of CDS or Depository Trust Company.

    There is no history log for this rule.

    There is no history log for this rule.