{"product_id":"after-the-trade-is-made-revised-ed-isbn-9781591841272","title":"After the Trade Is Made, Revised Ed.","description":"\u003cb\u003eThe fully updated classic guide to the mechanics of securities processing—a must for professional investors\u003c\/b\u003e \u003cbr\u003e\u003cbr\u003eThis third edition of \u003ci\u003eAfter the Trade Is Made\u003c\/i\u003e reflects the changes that have taken place in recent years as a result of new products, technological breakthroughs, and the globalization of the securities industry. Comprehensive and easy to understand, it provides brokers, operations personnel, and individual investors with definitive and up-to-the-minute explanations of each step in the trading process—from the moment a customer decides to buy or sell a security through the final requirements of record keeping.\u003cp\u003eWritten for both securities professionals and individual investors, whether domestic or in other countries, this new edition clearly explains the core of underwritings, new and established trading markets, transaction processing, margin, and more—while providing critical insights into the most recent wave of industry changes.\u003c\/p\u003e\u003cp\u003eDavid M. Weiss, a veteran securities professional, traces the entire process of buying or selling a security, from order management to transaction processing to the final posting on the firm’s books and records. He covers the specialized attributes of each function in a typical brokerage firm, as well as their relationships with commercial banks, transfer agents, clearing corporations, and depositories.\u003c\/p\u003e\u003cp\u003e\u003ci\u003eAfter the Trade Is Made\u003c\/i\u003e is the definitive resource for anyone eager to understand and confidently navigate the vast and often surprising world of securities.\u003c\/p\u003eAfter The Trade Is Made, Revised Ed.\u003ci\u003ePreface\u003c\/i\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eChapter I. Overview of the Industry\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eI-A. \u003ci\u003eBroker\/Dealers\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eI-A-1. What Are Broker\/Dealers?\u003cbr\u003eI-A-2. What Are the Types of Broker\/Dealers?\u003cbr\u003eI-A-3. What Are the Component Parts of a Typical Broker\/Dealer?\u003cbr\u003e\u003ci\u003eI-A-3-a. Front Office\u003cbr\u003eI-A-3-b. Middle Office\u003cbr\u003eI-A-3-c. Back Office\u003cbr\u003eI-A-3-d. Other Key Components\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eI-B. \u003ci\u003eThe Markets\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eI-B-1. What Are Markets?\u003cbr\u003eI-B-2. What Is a \"Two-Sided\" Market?\u003cbr\u003eI-B-3. The Different Marketplaces\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eI-C. \u003ci\u003eIndustry Regulators\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eI-C-1. Who Are the Regulators?\u003cbr\u003e\u003ci\u003eI-C-1-a. Securities and Exchange Commission\u003cbr\u003eI-C-1-b. State Regulators\u003cbr\u003eI-C-1-c. Self-Regulatory Organizations (SROs)\u003cbr\u003eI-C-1-d. The Commodities Futures Trading Commission\u003cbr\u003eI-C-1-e. Other Regulators\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eI-D. \u003ci\u003eRequired Examinations\u003c\/i\u003e\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eI-E. \u003ci\u003eRegulatory Reporting\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eI-E-1. Net Capital\u003cbr\u003eI-E-2. Customer Protection\u003cbr\u003eI-E-3. FOCUS\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eI-F. \u003ci\u003eWho Are Our Clients?\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eI-F-1. Clients Who Provide Product\u003cbr\u003eI-F-2. Types of Clients\u003cbr\u003eI-F-3. Main Categories of Clients\u003cbr\u003eI-F-4. Types of Accounts\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eI-G. \u003ci\u003eWhat Are The Industry Organizations?\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eI-G-1. Depositories\u003cbr\u003eI-G-2. Clearing Corporations\u003cbr\u003eI-G-3. Industry Utilities\u003cbr\u003eI-G-4. Banks\u003cbr\u003eI-G-5. The Bond Market Association (TBMA)\u003cbr\u003eI-G-6. Security Industry Association (SIA)\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eChapter II. Products That We Offer\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eII-A. \u003ci\u003eCorporate Securities\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eII-A-1. Common Stock\u003cbr\u003e\u003ci\u003eII-A-1-a. Voting\u003cbr\u003eII-A-1-b. Dividends\u003cbr\u003eII-A-1-c. Underwriting\u003cbr\u003eII-A-1-d. Trading of Common Stock\u003cbr\u003eII-A-1-e. Common Stock as an Investment Vehicle\u003c\/i\u003e\u003cbr\u003eII-A-2. Preferred Stock\u003cbr\u003e\u003ci\u003eII-A-2-a. Dividends\u003cbr\u003eII-A-2-b. Underwriting\u003c\/i\u003e\u003cbr\u003eII-A-2-b-i. Dividend Rate\u003cbr\u003eII-A-2-b-ii. Cumulative and Noncumulative Dividends\u003cbr\u003eII-A-2-b-iii. Callable\u003cbr\u003eII-A-2-b-iv. Convertible\u003cbr\u003eII-A-2-b-v. Participating\u003cbr\u003eII-A-2-b-vi. Adjustable-Rate Preferred\u003cbr\u003eII-A-2-b-vii. Reverse Floating Rate\u003cbr\u003eII-A-2-b-viii. Putable Preferred\u003cbr\u003eII-A-2-b-ix. Self-Liquidating Preferred\u003cbr\u003e\u003ci\u003eII-A-2-c. Summary of Preferred\u003c\/i\u003e\u003cbr\u003eII-A-3. Rights and Warrants\u003cbr\u003e\u003ci\u003eII-A-3-a. Rights\u003c\/i\u003e\u003cbr\u003eII-A-3-a-i. Cum Rights\u003cbr\u003e\u003ci\u003eII-A-3-b. Ex-Rights\u003cbr\u003eII-A-3-c. Arbitrage\u003cbr\u003eII-A-3-d. Warrants\u003cbr\u003eII-A-3-e. The Certificate\u003c\/i\u003e\u003cbr\u003eII-A-4. Corporate Bonds and Notes\u003cbr\u003e\u003ci\u003eII-A-4-a. Payment of Interest\u003cbr\u003eII-A-4-b. The Marketplace\u003cbr\u003eII-A-4-c. Pricing of a Corporate Bond\u003c\/i\u003e\u003cbr\u003eII-A-4-c-i. Accrued Interest\u003cbr\u003e\u003ci\u003eII-A-4-d. Bond Ratings\u003cbr\u003eII-A-4-e. Indenture\u003cbr\u003eII-A-4-f. Retiring Bonds\u003cbr\u003eII-A-4-g. Bond Security\u003c\/i\u003e\u003cbr\u003eII-A-4-g-i. Mortgage Bonds\u003cbr\u003eII-A-4-g-ii. Collateral Trust Bonds\u003cbr\u003eII-A-4-g-iii. Equipment Trust Bonds\u003cbr\u003eII-A-4-g-iv. Debenture Bonds\u003cbr\u003e\u003ci\u003eII-A-4-h. Registration\u003cbr\u003eII-A-4-i. Default\u003cbr\u003eII-A-4-j. Other Bond Features\u003c\/i\u003e\u003cbr\u003eII-A-4-j-i. Callable Bonds\u003cbr\u003eII-A-4-j-ii. Convertible Bonds\u003cbr\u003eII-A-4-j-iii. Zero-Coupon and Floating-Rate Bonds\u003cbr\u003e\u003ci\u003eII-A-4-k. Bonds and Notes Summary\u003c\/i\u003e\u003cbr\u003eII-A-5. Commercial Paper\u003cbr\u003e\u003ci\u003eII-A-5-a. Issuance\u003cbr\u003eII-A-5-b. Trading\u003cbr\u003eII-A-5-c. Settlement\u003cbr\u003eII-A-5-d. Handling the Certificates\u003cbr\u003eII-A-5-e. Financing\u003cbr\u003eII-A-5-f. Maturity\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eII-B. \u003ci\u003eMunicipal Securities\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eII-B-1. The Competitive Underwriting\u003cbr\u003eII-B-2. Offering of Municipal Bonds\u003cbr\u003eII-B-3. The Effect of Income Tax Rates\u003cbr\u003eII-B-4. Municipal Bonds\u003cbr\u003e\u003ci\u003eII-B-4-a. Trading Municipal Bonds\u003cbr\u003eII-B-4-b. Basis Pricing\u003cbr\u003eII-B-4-c. Types of Municipal Bonds\u003c\/i\u003e\u003cbr\u003eII-B-5. Municipal Notes\u003cbr\u003eII-B-6. Municipal Securities Summary\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eII-C. \u003ci\u003eU.S. Treasury Instuments\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eII-C-1. The Fed Auction\u003cbr\u003eII-C-2. U.S. Treasury Bonds and Notes\u003cbr\u003eII-C-3. Treasury Strips\u003cbr\u003eII-C-4. U.S. Treasury Bills\u003cbr\u003eII-C-5. Settlement\u003cbr\u003eII-C-6. U.S. Treasury Instruments Summary\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eII-D. \u003ci\u003eMortgage-Backed and Asset-Backed Securities\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eII-D-1. Role of Mortage Banker\u003cbr\u003eII-D-2. TBAs\/Forwards\u003cbr\u003eII-D-3. Modified Passthroughs\u003cbr\u003eII-D-4. Collateralized Mortgage Obligations (CMOs)\u003cbr\u003eII-D-5. Interest Only\/Principal Only\u003cbr\u003eII-D-6. Puts, Calls, and Standbys\u003cbr\u003eII-D-7. Asset-backed Securities (ABSs)\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eII-E. \u003ci\u003eBank-issued Securities\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eII-E-1. Bankers' Acceptances (BAs)\u003cbr\u003e\u003ci\u003eII-E-1-a. Use in Importing\u003cbr\u003eII-E-1-b. Trading\u003c\/i\u003e\u003cbr\u003eII-E-2. Certificates of Deposits (CDs)\u003cbr\u003e\u003ci\u003eII-E-2-a. Types of CDs\u003cbr\u003eII-E-2-b. Trading\u003cbr\u003eII-E-2-c. Interest\u003c\/i\u003e\u003cbr\u003eII-E-3. Asset-backed Securities and Private Label\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eII-F. \u003ci\u003eMutual Funds\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eII-F-1. Open- and Closed-End Funds\u003cbr\u003eII-F-2. Net Asset Value versus Market Value\u003cbr\u003eII-F-3. Load versus No-Load\u003cbr\u003e\u003ci\u003eII-F-3-a. Load Funds\u003cbr\u003eII-F-3-b. No-Load Funds\u003cbr\u003eII-F-3-c. ABC Funds\u003cbr\u003eII-F-3-d. Quotes\u003c\/i\u003e\u003cbr\u003eII-F-4. Rule 12b-1\u003cbr\u003eII-F-5. Bond Units\u003cbr\u003eII-F-6. Money Market Funds\u003cbr\u003eII-F-7. Mutual Funds Summary\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eII-G. \u003ci\u003eExchange-Traded Funds (ETFS)\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eII-G-1. Types of ETFs\u003cbr\u003eII-G-2. How They Are Named\u003cbr\u003eII-G-3. Characteristics of ETFs\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eII-H. \u003ci\u003eHedge Funds\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eII-H-1. Goals of Hedge Funds\u003cbr\u003eII-H-2. Pricing Hedge Funds\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eII-I. \u003ci\u003eOptions\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eII-I-1. Listed versus OTC Options\u003cbr\u003eII-I-2. American versus European Forms\u003cbr\u003eII-I-3. Equity Options\u003cbr\u003eII-I-4. Debt or Interest Rate Options\u003cbr\u003e\u003ci\u003eII-I-4-a. U.S. Treasury Bill Options\u003cbr\u003eII-I-4-b. U.S. Treasury Note and Bond Options\u003c\/i\u003e\u003cbr\u003eII-I-5. Index Options\u003cbr\u003eII-I-6. Foreign Currency Options\u003cbr\u003eII-I-7. Settlement\u003cbr\u003eII-I-8. Option Clearing Corporation (OCC)\u003cbr\u003eII-I-9. Expiration\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eII-J. \u003ci\u003eFutures and Forwards\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eII-J-1. Futures Contracts\u003cbr\u003e\u003ci\u003eII-J-1-a. Types of Futures Contracts\u003cbr\u003eII-J-1-b. Settlement\u003cbr\u003eII-J-1-c. Margin\u003cbr\u003eII-J-1-d. Margin Requirements\u003c\/i\u003e\u003cbr\u003eII-J-1-d-i. Clearing Corporation Margin Requirements\u003cbr\u003eII-J-1-d-ii. Brokerage Firm Margin Requirements\u003cbr\u003e\u003ci\u003eII-J-1-e. Types of Margin\u003cbr\u003eII-J-1-f. Delivery\u003cbr\u003eII-J-1-g. Daily Trading Limits\u003c\/i\u003e\u003cbr\u003eII-J-2. Forward Contracts\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eII-K. \u003ci\u003eSwaps\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eII-K-1. Interest Rate Swaps\u003cbr\u003eII-K-2. Currency Swaps\u003cbr\u003eII-K-3. Commodity Swaps\u003cbr\u003eII-K-4. Swaps Summary\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eII-L. \u003ci\u003eCurrency\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eII-L-1. What Is Foreign Exchange (FX)?\u003cbr\u003eII-L-2. Users of the Market\u003cbr\u003eII-L-3. Derivatives\u003cbr\u003eII-L-4. Settlement\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eII-M. \u003ci\u003eAmerican Depositary Receipts (ADRs), American Depositary Shares (ADSs), and Global Depositary Receipts (GDRs)\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eII-M-1. American Depositary Receipts and Shares\u003cbr\u003eII-M-2. Global Depositary Receipts\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eII-N. \u003ci\u003eRestricted Stock\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eII-N-1. Rule 144 Stock\u003cbr\u003eII-N-2. Rule 145 Stock\u003cbr\u003eII-N-3. Rule 144A Stock\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eII-O. \u003ci\u003eSummary of Investment Products\u003c\/i\u003e\u003c\/b\u003e\u003ci\u003e\u003ci\u003e\u003cbr\u003e\u003c\/i\u003e\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eChapter III. The Marketplaces and Order Management\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eIII-A. \u003ci\u003eThe Market\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eIII-A-1. Agency Transaction\u003cbr\u003eIII-A-2. Principal Transaction\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eIII-B. \u003ci\u003eOrder Routing\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eIII-B-1. Retail Order Entry\u003cbr\u003eIII-B-2. Institutional Order Entry\u003cbr\u003eIII-B-3. Order Requirements\u003cbr\u003eIII-B-4. The Quote\u003cbr\u003eIII-B-5. The Size\u003cbr\u003eIII-B-6. Time Constraints of Orders\u003cbr\u003e\u003ci\u003eIII-B-6-a. Day Order\u003cbr\u003eIII-B-6-b. Good Through (GTC, GTM, GTW, and so on)\u003c\/i\u003e\u003cbr\u003eIII-B-7. Type of Orders\u003cbr\u003e\u003ci\u003eIII-B-7-a. Market Order\u003cbr\u003eIII-B-7-b. Limit Order\u003cbr\u003eIII-B-7-c. Short Sales\u003cbr\u003eIII-B-7-d. Stop Orders\u003cbr\u003eIII-B-7-e. Stop Limit Order\u003cbr\u003eIII-B-7-f. Fill or Kill (FOK) Order\u003cbr\u003eIII-B-7-g. Immediate or Cancel (IOC) Order\u003cbr\u003eIII-B-7-h. All or None (AON) Order\u003cbr\u003eIII-B-7-i. Not Held (NH) Order\u003cbr\u003eIII-B-7-j. At the Opening Orders\u003cbr\u003eIII-B-7-k. On the Close Orders\u003cbr\u003eIII-B-7-l. Spread Orders\u003cbr\u003eIII-B-7-m. Straddle Orders\u003cbr\u003eIII-B-7-n. Combination Orders\u003cbr\u003eIII-B-7-o. One-Cancels-the-Other (OCO) Order\u003cbr\u003eIII-B-7-p. Facilitation Order\u003c\/i\u003e\u003cbr\u003eIII-B-8. Conclusion\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eIII-C. \u003ci\u003eThe Exchanges\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eIII-C-1. Types of Exchanges\u003cbr\u003eIII-C-2. The New York Stock Exchange\u003cbr\u003e\u003ci\u003eIII-C-2-a. House Brokers\u003cbr\u003eIII-C-2-b. Independent Brokers\u003cbr\u003eIII-C-2-c. Specialists\u003c\/i\u003e\u003cbr\u003eIII-C-2-c-i. Making Markets\u003cbr\u003eIII-C-2-c-ii. Executing Orders\u003cbr\u003e\u003ci\u003eIII-C-2-d. The Crowds on the Floor\u003cbr\u003eIII-C-2-e. The Auction Market\u003cbr\u003eIII-C-2-f. Priority, Precedence, and Parity\u003c\/i\u003e\u003cbr\u003eIII-C-2-f-i. Priority\u003cbr\u003eIII-C-2-f-ii. Precedence\u003cbr\u003eIII-C-2-f-iii Parity\u003cbr\u003e\u003ci\u003eIII-C-2-g. The Specialist's Book\u003c\/i\u003eIII-C-3. The American Stock Exchange (AMEX)\u003cbr\u003eIII-C-4. Chicago Board Option Exchange\u003cbr\u003e\u003ci\u003eIII-C-4-a. Opening Rotation\u003cbr\u003eIII-C-4-b. The Floor\u003cbr\u003eIII-C-4-c. Executing Orders\u003c\/i\u003e\u003cbr\u003eIII-C-4-c-i. Time and Date Entered\u003cbr\u003eIII-C-4-c-ii. Buy or Sell\u003cbr\u003eIII-C-4-c-iii. Open or Close\u003cbr\u003eIII-C-4-c-iv. Quantity, Type, Class, and Series of Option\u003cbr\u003eIII-C-4-c-v. Customer, Firm, Market Maker\/Specialist\u003cbr\u003eIII-C-4-c-vi. Firm Name or Designation\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eIII-C-5. The International Security Exchange\u003cbr\u003e III-C-6. The Future Exchanges\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eIII-D. \u003ci\u003eThe Over-The-Counter (OTC) Market\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eIII-D-1 NASDAQ\u003cbr\u003e\u003ci\u003eIII-D-1-a. NASDAQ Systems\u003c\/i\u003e\u003cbr\u003eIII-D-1-a-i. SOES\u003cbr\u003eIII-D-1-a-ii. ACES\u003cbr\u003eIII-D-1-a-iii. CAES\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eIII-D-2. Other Over-the-Counter Equity Markets\u003cbr\u003e\u003ci\u003eIII-D-2-a. Bulletin Board Securities\u003cbr\u003eIII-D-2-b. Electronic Commerce Networks (ECNs) and Alternate Trading Systems (ATSs)\u003c\/i\u003e\u003cbr\u003eIII-D-3 The Debt Market\u003cbr\u003e\u003ci\u003eIII-D-3-a. The Corporate Bond Market\u003cbr\u003eIII-D-3-b. The Municipal Bond Market\u003cbr\u003eIII-D-3-c. The Treasury Market\u003cbr\u003eIII-D-3-d. The Mortgage-Backed and Asset-Backed Securities Markets\u003cbr\u003eIII-D-3-e. Money Market Instruments\u003c\/i\u003e\u003cbr\u003eIII-D-4. The Derivative Market\u003cbr\u003e\u003ci\u003eIII-D-4-a. Options\u003cbr\u003eIII-D-4-b. Forwards\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eIII-E. \u003ci\u003eThe Third Market\u003c\/i\u003e\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eIII-F. \u003ci\u003eThe Fourth Market\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eIII-G. \u003ci\u003eOdd Lots\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eChapter IV. The Trade-Processing System\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eIV-A. \u003ci\u003eOrder Management System\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eIV-B. \u003ci\u003eClient Account Control\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003eIV-B-1. New Accounts\/Name and Address\u003cbr\u003e\u003ci\u003eIV-B-1-a. New Account Form\u003c\/i\u003e\u003cbr\u003eIV-B-1-a-i. Terms and Conditions\u003cbr\u003eIV-B-1-a-ii. Client Information\u003cbr\u003eIV-B-1-a-iii. Standing Instructions\u003cbr\u003eIV-B-1-a-iv. Type of Account\u003cbr\u003eIV-B-1-a-v. Client's Signature Block\u003cbr\u003e\u003ci\u003eIV-B-1-b. Types of Accounts\u003c\/i\u003e\u003cbr\u003eIV-B-2. Client Master Database Information Gathering\u003cbr\u003e\u003ci\u003eIV-B-2-a. Data Entry (NAOW)\u003cbr\u003eIV-B-2-b. Automated Client Account Transfer System (ACATS)\u003cbr\u003eIV-B-2-c. Account Opening Procedure\u003cbr\u003eIV-B-2-d. Account Maintenance\u003cbr\u003eIV-B-2-e. Institutional Accounts\/SID\/ALERT\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eIV-C. \u003ci\u003eSecurity Properties Control\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003eIV-C-1. Security Master Database\u003cbr\u003eIV-C-2. Security Master Database Information Gathering\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eIV-D. \u003ci\u003eCoding\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003eIV-D-1. Unique Number\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eIV-E. \u003ci\u003eTrade Figuration\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003eIV-E-1. Agency versus Principal Transactions\u003cbr\u003eIV-E-2. Regualtory Fee\u003cbr\u003eIV-E-3. Equity Trade Figuration\u003cbr\u003eIV-E-4. Bond Figuration\u003cbr\u003eIV-E-5. Money Market Instruments\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eIV-F. \u003ci\u003eComparison\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003eIV-F-1. Order Management System\u003cbr\u003eIV-F-2. Equity Comparison\u003cbr\u003eIV-F-3. Workings of the Clearing Corporation\u003cbr\u003e\u003ci\u003eIV-F-3-a. National Securities Clearing Corporation\u003c\/i\u003e\u003cbr\u003eIV-F-3-a-i. Principal Transactions\u003cbr\u003eIV-F-3-a-ii. Market-Maker Trades\u003cbr\u003eIV-F-3-a-iii. Agency Transactions\u003cbr\u003eIV-F-3-a-iv. Principal Transactions (Modified)\u003cbr\u003e\u003ci\u003eIV-F-3-b. Equity Transaction Comparison\u003c\/i\u003e\u003cbr\u003eIV-F-3-b-i. What Is Being Compared?\u003cbr\u003eIV-F-3-b-ii. Types of Comparison\u003cbr\u003e\u003ci\u003eIV-F-3-c. Regular Way Contract\u003cbr\u003eIV-F-3-d. Trade Reporting and Compliance Engine (TRACE) Comparison\u003c\/i\u003e\u003cbr\u003eIV-F-4. Netting\u003cbr\u003eIV-F-5. Continuous Net Settlement (CNS)\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eIV-G. \u003ci\u003eBalancing of The Customer Side\u003c\/i\u003e\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eIV-H. \u003ci\u003eFixed-Income Clearing Corporation\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003eIV-H-1. Forwards and TBAs\u003cbr\u003eIV-H-2. Mortgage-Backed Security Division of Fixed Income Clearing Corporation\u003cbr\u003e\u003ci\u003eIV-H-2-a. The Allocation\u003c\/i\u003e\u003cbr\u003eIV-H-3. Government Security Division of Fixed Income Clearing Corporation (GSD)\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eIV-I. \u003ci\u003eOptions\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003eIV-I-1. OTC Options Comparison\u003cbr\u003eIV-I-2. Listed Option Comparison\u003cbr\u003e\u003ci\u003eIV-I-2-a. ROTNs\u003c\/i\u003e\u003cbr\u003eIV-I-3. Posistion Reconcilement\u003cbr\u003eIV-I-4. Option Exercise\u003cbr\u003eIV-I-5. Ex by Ex\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eIV-J. \u003ci\u003eFutures Comparison\u003c\/i\u003e\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eIV-K. \u003ci\u003eTrade Confirmation\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eChapter V. Margin\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eV-A. \u003ci\u003eCash Versus Margin Purchases\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eV-B. \u003ci\u003eTerminology\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eV-C. \u003ci\u003eCash Account\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eV-D. \u003ci\u003eMargin Account\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eV-E. \u003ci\u003eA Brief Lesson In Margin\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003eV-E-1. Regulation T (\"Reg T\")\u003cbr\u003eV-E-2. Maintenance Rules\u003cbr\u003eV-E-3. Loan Value\u003cbr\u003eV-E-4. Margin Excess and Buying Power\u003cbr\u003eV-E-5. Minimum Maintenance Requirement\u003cbr\u003eV-E-6. Restricted Accounts\u003cbr\u003eV-E-7. Special Memorandum Account (SMA)\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eV-F. \u003ci\u003eMargin—Long Position\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003eV-F-1. Reg T Excess\u003cbr\u003eV-F-2. Buying Power\u003cbr\u003eV-F-3. Minimum Maintenance Requirement\u003cbr\u003e\u003ci\u003eV-F-3-a. A Working Illustration\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eV-G. \u003ci\u003eMargin—Short Sales\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003eV-G-1. Required Margin\u003cbr\u003eV-G-2. Mark to the Market\u003cbr\u003eV-G-3. Maintenance Requirement\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eV-H. \u003ci\u003eMaintenance Excess\u003c\/i\u003e\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eV-I. \u003ci\u003eDay Trading\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eV-J. \u003ci\u003eThe Margin\/Credit Department as Part of Client Relationship Management\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003eV-J-1. Account Maintenance\u003cbr\u003eV-J-2. Sales Support\u003cbr\u003eV-J-3. Clearance for Issuance of Checks\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eV-K. \u003ci\u003eMargin Department's Daily Routine\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003eV-K-1. Reports to Produce\u003cbr\u003e\u003ci\u003eV-K-1-a. Exception Report\u003cbr\u003eV-K-1-b. Items Due\u003c\/i\u003e\u003cbr\u003eV-K-2. Extensions\u003cbr\u003eV-K-3. Close-Outs\u003cbr\u003eV-K-4. Delivery of Securities\u003cbr\u003eV-K-5. The Margin\/Credit Workstation\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eV-L. \u003ci\u003eOption Margin\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003eV-L-1. Option Margin Theory\u003cbr\u003eV-L-2. Margin Calculation for an Uncovered Equity Option\u003cbr\u003eV-L-3. Margin for Spread Positions\u003cbr\u003eV-L-4. Margin for Straddle or Combo Positions\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eV-M. \u003ci\u003eFuture Margin\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003eV-M-1. Standard and Maintenance Margin\u003cbr\u003eV-M-2. Mark to the Market\u003cbr\u003eV-M-3. Variation Margin\u003cbr\u003eV-M-4. Delivery and Payment\u003cbr\u003eV-M-5. Standard Portfolio Analysis of Risk (SPAN) Margin\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eChapter VI. Settlement\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eVI-A. \u003ci\u003eSegregation (SEG)\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eVI-B. \u003ci\u003eReceive and Deliver\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003eVI-B-1. Preparation for Settlement\u003cbr\u003eVI-B-2. Settlement Cycle Begins\u003cbr\u003e\u003ci\u003eVI-B-2-a. The Projection Report\u003cbr\u003eVI-B-2-b. The Seg Report\u003cbr\u003eVI-B-2-c. Seg Control\u003cbr\u003eVI-B-2-d. Needs Analysis Report\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eVI-C. \u003ci\u003eFail To Receive\/Fail To Deliver\u003c\/i\u003e\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eVI-D. \u003ci\u003eFinancing Positions\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003eVI-D-1. Bank Loan\u003cbr\u003eVI-D-2. Stock Loan\u003cbr\u003eVI-D-3. Stock Borrows\u003cbr\u003eVI-D-4. Repos\u003cbr\u003e\u003ci\u003eVI-D-4-a. Government Security DIvision (GSD) of FICC GCF Repo Service\u003cbr\u003eVI-D-4-b. Matched Book\u003c\/i\u003e\u003cbr\u003eVI-D-5. Letters of Credit\u003cbr\u003eVI-D-6. Unsecured Loans\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eVI-E. \u003ci\u003eCustodial Services\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003eVI-E-1. Safekeeping\u003cbr\u003eVI-E-2. Customer Seg\u003cbr\u003eVI-E-3. Exemptions\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eVI-F. \u003ci\u003eSettlements of Mortgage-Backed Securities\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003eVI-F-1. GNMA Passthrough Securities\u003cbr\u003eVI-F-2. Electronic Pool Notification (EPN)\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eVI-G. \u003ci\u003eSettlement with GSCC and The FED\u003c\/i\u003e\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eVI-H. \u003ci\u003eOption Settlement\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003eVI-H-1. Daily Activity Settlement\u003cbr\u003eVI-H-2. OCC Margin\u003cbr\u003eVI-H-3. Expiration\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eVI-I. \u003ci\u003eInstitutional Settlement\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003eVI-I-1. Trade Suite, OASYS, Omgeo\u003cbr\u003eVI-I-2. Alert and SID\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eVI-J. \u003ci\u003eMutual Fund Settlement\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003eVI-J-1. Clearance\u003cbr\u003e\u003ci\u003eVI-J-1-a. Closed-End Fund Transacton Clearance\u003cbr\u003eVI-J-1-b. Open-End Fund Transaction Clearance\u003c\/i\u003e\u003cbr\u003eVI-J-2. Acquiring Fund Shares\u003cbr\u003e\u003ci\u003eVI-J-2-a. FundServ\u003cbr\u003eVI-J-2-b. Mutual Fund Profile Service (MFPS)\u003cbr\u003eVI-J-2-c. ACATS\/FundServ\u003c\/i\u003e\u003cbr\u003eVI-J-3. Defined Contribution\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eChapter VII. Custodial Services\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eVII-A . \u003ci\u003eAutomated Customer Account Transfer Systems (ACATS)\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eVII-B. \u003ci\u003eTransfers\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eVII-C. \u003ci\u003eStanding Instructions\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eVII-D. \u003ci\u003eDividends and Bond Interest\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eVII-E. \u003ci\u003eCorporate Actions (AKA Reorganizations)\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003eVII-E-1. Mergers\u003cbr\u003eVII-E-2. Acquisitions\u003cbr\u003eVII-E-3. Tender Offers\u003cbr\u003eVII-E-4. Stock Splits\u003cbr\u003eVII-E-5. Reverse Stock Splits\u003cbr\u003eVII-E-6. Spinoffs\u003cbr\u003eVII-E-7. Processing Corporate Actions\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eChapter VII. Role of the Banks\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eVIII-A. \u003ci\u003eCustodian\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eVIII-B. \u003ci\u003eFinancing\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003eVIII-B-1. Collateralized Loans and Hypothecation\u003cbr\u003eVIII-B-2. Letters of Credit\u003cbr\u003eVIII-B-3. Lines of Credit\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eVIII-C. \u003ci\u003eTransfer Agent\u003c\/i\u003e\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eVIII-D. \u003ci\u003eRegistrar\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eVIII-E. \u003ci\u003ePaying Agent\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eVIII-F. \u003ci\u003eProduct Issuer\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003eVIII-F-1. Commercial Paper\u003cbr\u003eVIII-F-2. Certificates of Deposit\u003cbr\u003eVIII-F-3. Bankers' Acceptances\u003cbr\u003eVIII-F-4. Asset-Backed and Mortgage-Backed Securities and Whole Loans\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eVIII-G. \u003ci\u003eForeign Exchange\u003c\/i\u003e\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eVIII-H. \u003ci\u003eClient\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eChapter IX. Cash Accounting\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eIX-A. \u003ci\u003eThe Accounting Process\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eIX-B. \u003ci\u003eAccount Categories\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eIX-C. \u003ci\u003eDebits and Credits\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eIX-D. \u003ci\u003eJournal and Ledger\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003eIX-D-1. Journal Entries\u003cbr\u003eIX-D-2. Ledger Account\u003cbr\u003eIX-D-3. Trial Balance\u003cbr\u003eIX-D-4. Profit and Loss Statement and Balance Sheet\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eChapter X. Brokerage Accounting\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eX-A. \u003ci\u003eCash Moves The Security\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eX-B. \u003ci\u003eLocation Accounts\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eX-C. \u003ci\u003eOffset To Short Sales\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eX-D. \u003ci\u003eChart of Brokerage Accounts\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eChapter XI. Stock Record\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eXI-A. \u003ci\u003eTypes of Stock Records\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003eXI-A-1. Activity Stock Record\u003cbr\u003eXI-A-2. Summary Stock Record\u003cbr\u003eXI-A-3. Trade Date Stock Record\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eXI-B. \u003ci\u003eBreaks and Illogical Positions\u003c\/i\u003e\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eXI-C. \u003ci\u003eAccount Nomenclature\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eChapter XII. General Ledger\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eXII-A. \u003ci\u003eDaily Cash Report\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eXII-B. \u003ci\u003eGeneral Business\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eXII-C. \u003ci\u003eTrial Balance\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eXII-D. \u003ci\u003eProfit and Loss Statement\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eXII-E. \u003ci\u003eBalance Sheet\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eXII-F. \u003ci\u003eStatement of Cash Flow\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eChapter XIII. Regulatory Reporting\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eXIII-A. \u003ci\u003eNet Capital and Aggregate Indebtedness (Rule 15c3-1 of The 1934 Securities and Exchange Act)\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003eXIII-A-1. The Broker\/Dealer's Capital\u003cbr\u003eXIII-A-2. Computation of Net Capital\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eXIII-B. \u003ci\u003eCustomers Protection—Reserves and Custody of Securities (Rule 15c-3-3 of The 1934 Securities and Exchange Act)\u003c\/i\u003e\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eXIII-C. \u003ci\u003eFocus\u003c\/i\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eChapter XIV. Conclusion\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003ci\u003eGlossary\u003cbr\u003eIndex\u003c\/i\u003e\u003c\/p\u003e\u003cb\u003eDavid M. Weiss \u003c\/b\u003ehas been active in the brokerage industry for more than thirty-five years. Currently an independent consultant and lecturer, he was formerly the director of business, industry, and product training for a major international investment bank, vice president of new products for a primary marketplace, and chief operations officer of a broker dealer as well as holding other management positions.","brand":"Portfolio","offers":[{"title":"Default Title","offer_id":46299988558053,"sku":"NP9781591841272","price":65.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781591841272.jpg?v=1767721115","url":"https:\/\/k12savings.com\/es\/products\/after-the-trade-is-made-revised-ed-isbn-9781591841272","provider":"K12savings","version":"1.0","type":"link"}