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Fully Paid For Account: 

  • Special subaccount within NSCC's CNS system that assists participants in maintaining compliance with possession and control requirements pursuant to Rule 15(c)3-3 of the Securities Exchange Act.
  • Allows participants to complete settlement obligations based on anticipated same-issue allocations from CNS. Third-party deliveries for credit through the Institutional Delivery system are facilitated by this CNS subaccount.
  • Available for CNS-eligible equities, corporate bonds, unit investment trusts, rights, and warrants.

 

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