Versions

 

12.16.2

Past version: Effective up to 30 Jun 2016

A customer's suspense account must be used only for that customer's trades. However, a Trading Member may execute trades in a customer's suspense account and subsequently book the trades to another customer's account if:—

(1) it has obtained the prior written consent of:—
(a) the customer whose suspense account is being used; and
(b) the customer to whom the trade is booked; and
(2) it receives the booking instruction only after the trades have been executed in the customer's suspense account referred to in Rule 12.16.2(1)(a).