4115. Calculating current capital position — monthly documentation and reconciliation

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    1. A Dealer Member must generate monthly trial balances and prepare regulatory capital computations based on its current ledger accounts to:

      1. check on status and accuracy of those ledger accounts, and

      2. keep itself informed of its risk adjusted capital amount as required under Part A of Rule 4100.

    2. The Chief Financial Officer or designate must document that he or she has at least monthly, performed the early warning liquidity, capital and profitability test calculations for the Dealer Member and determined whether or not the Dealer Member has violated this test.
    3. The preliminary month‑end estimate of the Dealer Member’s risk adjusted capital amount must be reconciled to the final risk adjusted capital amount reported as part of the Dealer Member’s monthly financial report. Material discrepancies must be investigated and steps taken to avoid re‑occurrence.

    There is no history log for this rule.