4854. Communications between Dealer Members

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    1. Communications between Dealer Members must take place by electronic delivery through CDS’s account transfer facility, unless both Dealer Members agree otherwise.

    2. A Dealer Member must pay its costs for delivering or receiving electronic communications done under Part B of Rule 4800.

    3. A Dealer Member must select, implement, and maintain appropriate security measures to protect its electronically delivered communications.

    4. Dealer Member acknowledgement and indemnification:

      1. a Dealer Member acknowledges that an electronically delivered communication it sends will be relied on by the Dealer Member receiving it,

      2. a Dealer Member must indemnify and save harmless other Dealer Members from any claims, losses, damages, liabilities or expenses the other Dealer Members suffer as a result of relying on its unauthorized, inaccurate, or incomplete electronic communication.

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