§ 240.3b-14. Definition of cash management securities activities.
155 words·~1 min read·
/us/cfr/t17/s§ 240.3b-14·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The term cash management securities activities means securities activities that are limited to transactions involving:
(a)Any taking possession of, and any subsequent sale or disposition of, collateral provided by a counterparty, or any acquisition of, and any subsequent sale or disposition of, collateral to be provided to a counterparty, in connection with any securities activities of the dealer permitted under § 240.15a-1 or any non-securities activities of the dealer that involve eligible OTC derivative instruments or other financial instruments;
(b)Cash management, in connection with any securities activities of the dealer permitted under § 240.15a-1 or any non-securities activities of the dealer that involve eligible OTC derivative instruments or other financial instruments; or
(c)Financing of positions of the dealer acquired in connection with any securities activities of the dealer permitted under § 240.15a-1 or any non-securities activities that involve eligible OTC derivative instruments or other financial instruments. \[63 FR 59395, Nov. 3, 1998\]