Versions

 

4.28.3

A Trading Member must not accept a house cheque (a crossed cheque issued by the Trading Member in favour of a customer) from a customer unless:

(a) the customer is the payee of the cheque; and
(b) the cheque is used to settle an amount owing by the customer to the Trading Member or is deposited into a trust account under Rule 4.31, as directed by the customer.

Added on 3 June 20193 June 2019.