This appendix outlines the risks and consequences associated with collateral arrangements involving U.S. banking organizations, broker-dealers, and futures commission merchants (FCMs). It distinguishes between Customer Assets, Custodial Assets, and Non-Customer Assets, and explains the regulatory requirements for each. The document also discusses the use of Customer Assets in transactions regulated by the SEC and CFTC, including segregation requirements and the conditions under which assets can be used or substituted.
documents/vol00010-efta01372690-pdf.pdf
{"title":"Appendix 3: Re-use Risks and Consequences under Collateral Arrangements","document_date":"2016","document_type":"legal","document_subtype":"Appendix","key_organizations":["U.S. Securities and Exchange Commission","Commodity Futures Trading Commission","International Swaps and Derivatives Association","Association for Financial Markets in Europe","Futures Industry Association","International Capital Market Association","International Securities Lending Association","SIFMA"],"reference_numbers":["DB-SDNY-0066513","SDNY_GM_00212697","EFTA01372690"]}