§ 240.3b-14 Definition of cash management securities activities.  


Latest version.
  • 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]

[59 FR 64504, Dec. 14, 1994