Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Series 6

Unit 3 QQ3.G Brokerage Office Procedures

QuestionAnswer
Settlement Date Date on which ownership changes between buyer and seller. Ther Uniform Practice Code standardizes settlement provisions.
Uniform Practice Code FINRA policies that establish guidelines for member firms business dealings in securities with other member firms and customers
Regular Way A settlement cont that calls for delivery and pymt within a standard pymt period from the date of the trade. The Uniform Practice Code sets the standard payment period. The type of security being traded determines the amount of time allowed for reg pymt.
Cash Settlement Same day settl, req delivery of sec from the seller and pymt from the buyer on the same day a trade is exe. Stock/bonds sold for cash settlement must be available on the spot for del to buyer. Settlment occurs no later than 2:30 or 30 min after if after 2
Regulation T Fed Reserve Board reg that governs customer cash acct and the amount of credit that brokerage firms/dealers may extend to customers for pur of sec. Reg currently sets loan value of marginable sec @50% and pymt deadline @2 days beyond reg way settlement.
Extensions If a buyer cannot pay for a trade within the time limit prescribed under the reg T, the broker/dealer may request this from its designated examinig authority before the deadline. DEAs include FINRA and various exchanges.
Close-Out Transaction If the customer cannot pay by the end of the extension or the extension reques is denied, the broker/dealer sells the sec in this way.
Created by: ericjrolon
Popular Finance sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards