4603. General requirements

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    1. Marking to market

      1. Borrowed securities and collateral must be marked to market daily on a loan by loan basis.

    2. Record transactions

      1. A Dealer Member must record all financing transactions in its records.

    3. Loan accounts

      1. A Dealer Member must keep financing accounts separate from the Dealer Member’s securities trading accounts.

      2. A Dealer Member must keep financing accounts separate from the client’s securities trading accounts.

    4. Confirmations and month-end statements

      1. A Dealer Member must issue confirmations and month‑end statements, except when the transaction with other regulated entities is processed through an acceptable clearing corporation.

    5. Buy-ins

      1. A Dealer Member must begin a buy‑in (liquidating transaction) within two business days of the date on which the buy‑in notice is given.

    There is no history log for this rule.