🔥 Daily ChallengeCIREMarket integrity, trade execution and settlementMedium
When a client is indebted to a Dealer Member for a margin loan, IDPC Rule 5114 specifies that the collateral relationship is subject to which of the following?
4 attempts · 50% correct
The client's verbal confirmation of each specific security to be used
A mandatory 48-hour waiting period before collateral status is active
Any written agreements between the Dealer Member and the clientCorrect
The discretionary approval of the provincial securities commission
Why
Correct. Rule 5114 states the collateral status is subject to any written agreements, such as the Margin Agreement.
