Comintel, fyi on foreign subsidiary coverage -- from the document below it looks like the SIPC excludes customers of foreign subsidiaries....
Comintel, your scheme may not bring all of the benefits you cite. In fact there may be additional jurisdictional risks built into this structure....
All clients? Including those of foreign subsidiaries?
The above applies only to Reg T accounts. Portfolio Margin accounts are different: "The hypothecation rules under the Securities Exchange Act...
The above may not be the case for a Portfolio Margin account. If your account is PM, then this is a must-read....
Lady7, Portfolio Margin or Reg T?
How about Single Stock Futures -- SEC-side or CFTC-side as far as the Universal sub accounts go?
It should be pointed out here that in a Portfolio Margin account, all long options positions, even if fully paid for, appear to be automatically...
By the way, a statement on the OneChicago site confirms that SSF's are not eligible for portfolio margining. "Portfolio-based margining (e.g....
rmorse, does your firm allow foreign currency positions in a pm account? If so, how do you handle the margin for the forex portion?
Eligible positions for a pm account are listed on the main page: "Positions eligible for a portfolio margining account include margin equity...
If nothing else Rule 15c3-3, the weekly reserve computation, should be revised. From a Deloitte & Touche report on the failure of MJK in '01...
Thanks. I checked the list. It's helpful information. You have to go through here first, http://www.theocc.com/risk-management/cpm/, to get there.
rmorse, what about Single Stock Futures in a pm account? Are SSF's margined based on class groups within a cpm account at your firm or are...
Check out this thread where someone reports that TOS follows TIMS pretty closely:...
From this report it looks like IB was still interested after they learned of the shortfall. So I don't know if it's fair to say they "backed...
It does change things from a convenience perspective though. It might mean changes to the "from one account" business model for these brokers.
Thank you. What do you suppose they are referring to here: "However, until segregation issues between the SEC and the CFTC are resolved,...
Thanks. But I have read through the posts again and still cannot understand why TH no longer appear on the 606 reports when other disclosures...
Separate names with a comma.