7A - CASS Provision: Difference between revisions

7A - CASS Provision (view source)

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-Client money distribution: This is the section that deals with what happens when a person holding client money goes bust. This can be a primary pooling event or a secondary pooling event.
+#REDIRECT [[Client money distribution - CASS Provision]]
-A primary pooling event is the failure of a firm that is holding client money in its own right. A secondary pooling event is the failure of a third party bank or other eligible institution that is holding client money on behalf of the primary firm.
-{{CASS Section 7A TOC}}
-{{Cassanatomy}}