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Treatment of shortfalls - CASS Provision: Difference between revisions
Treatment of shortfalls - CASS Provision (view source)
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''Here is | ''Here is {{ps14/9}}, which explains much of the [[great CASS rewrite]].'' | ||
The following is being introduced to the CASS rules as of 1 June 2015 - essentially, upon a shortfall arising a custodian or prime broker must set aside “{{fcaprov|applicable assets}}” in a custody account to cover the potential loss each client would suffer if it were to go insolvent before resolving the shortfall. | The following is being introduced to the CASS rules as of 1 June 2015 - essentially, upon a shortfall arising a custodian or prime broker must set aside “{{fcaprov|applicable assets}}” in a custody account to cover the potential loss each client would suffer if it were to go insolvent before resolving the shortfall. | ||
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{{casssnap|6.6.54}} | {{casssnap|6.6.54}} | ||
*The [[great CASS rewrite]] | |||
*{{ps14/9}} | |||
{{anat|cass}} | {{anat|cass}} | ||