The document discusses the risks and implications of using financial instruments, particularly in the context of insolvency and the distinction between Customer Assets and Non-Customer Assets. It highlights the potential loss of proprietary rights and the replacement of such rights with unsecured claims in the event of insolvency. The document also notes the lack of protection for Non-Customer Assets under U.S. customer protection rules and the potential consequences of re-use of these assets.
doj/DataSet10/EFTA01385561.pdf
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