PART A.2 - BULK SEGREGATION CALCULATION

4317. Calculating the number of client securities to be segregated in bulk

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    1. A Dealer Member that chooses to satisfy its segregation obligations under section 4312 by segregating in bulk must segregate in bulk for all its clients the number of securities calculated as follows:

      1. Equities

      2. Number of securities required to be segregated

        =

        (aggregate loan value or market value of a class or series of security required to be segregated for each client in section 4316) ÷ (loan value or market value of one unit of the security)

      3. Debt securities

        Principal amount of securities required to be segregated

        =

        (aggregate loan value or market value of a class or series of security required to be segregated for each client in section 4316) ÷ (loan value or market value of each $100 principal amount of the security) x 100, rounded to lowest issuable denomination

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