4606. Cash and securities loans between regulated entities

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    1. If a cash or securities loan is between regulated entities:

      1. the written cash and securities loan agreement must state that either party has the right, at any time by giving notice to the other party, to call for any shortfall in the difference between the collateral and the borrowed cash or securities, and

      2. they may use as collateral, a Schedule I chartered bank letter of credit.

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