This document outlines the treatment of customer assets and collateral arrangements in the event of insolvency for U.S. broker-dealers, FCMs, and banking organizations. It discusses the implications of using customer assets as collateral and the associated risks, including the potential loss of property interest and the impact on customer claims in insolvency proceedings.
doj/DataSet10/EFTA01372788.pdf
{"document_type":"legal","document_subtype":"legal notice","key_organizations":["International Swaps and Derivatives Association","Association for Financial Markets in Europe","SIFMA","International Capital Market Association","International Securities Lending Association"],"reference_numbers":["DB-SDNY-0066659","SDNY_GM_00212843","EFTA01372788"]}