Withdrawal, etc. of Security Deposit Pertaining to When-Issued Transactions 1. Regarding money or securities which have been received from a customer as security deposit pertaining to a when-issued transaction, a trading participant may allow the customer to withdraw money equivalent to the amount obtained by subtracting the amount referred to in Item (2) from the amount referred to in Item (1), or securities equivalent to the amount obtained by dividing such amount by the ratio referred to in each item of Rule 40, Paragraph 2 which is applied mutatis mutandis in the preceding rule. (1) The total amount of deposited margin pertaining to such customer's when-issued transaction (limited to security deposit pertaining to such when-issued transactions for which deposit was received. The same shall apply to Item (1), Sub-item a. of the next paragraph and Item (2), Sub-item a. of the same paragraph, Paragraph 3, Item (1), and Rule 37.); (2) The amount obtained by multiplying the contract value of all securities pertaining to the when-issued transaction in the preceding item (excluding those pertaining to corresponding transactions and transactions opposite to such corresponding transactions, as well as those for which settlement has completed. The same shall be applied to Item (1), Sub-item b. of the next paragraph, Item (2), Sub-item b. of the same paragraph, Paragraph 3, Sub-item b. and Rule 37.) by 30/100. 2. In addition to matters pursuant to the provisions of the preceding paragraph, regarding money or securities which have been received from a customer as security deposit pertaining to a when-issued transaction, a trading participant may allow the customer to withdraw such money or securities only in the cases referred to in each of the following items. (1) In cases of partial settlement of securities pertaining to when-issued transactions (limited to cases of withdrawing money equivalent to the amount obtained by subtracting the amount referred to in Sub-item b. from the amount referred to in Sub-item a., or securities equivalent to the amount obtained by dividing such amount by the ratio referred to in each item of Rule 40, Paragraph 2 which is applied mutatis mutandis in the preceding rule.); a. The total amount of deposited margin pertaining to the when-issued transactions of such customer. b. The amount obtained by multiplying the contract value of all securities pertaining to the when-issued transactions in the preceding Sub-item a. (excluding those pertaining to the when-issued transactions to be so settled) by 30/100. (2) In cases of partial settlement of securities pertaining to the when-issued transactions, when deposit of all securities purchased or money equivalent to the sales proceeds from securities sold via the when-issued transaction pertaining to such partial settlement as security deposit pertaining to a when-issued transaction is a condition (limited to cases where the amount referred to in Sub-item a. after such deposit is at least the amount referred to in Sub-item b.); a. The total amount of deposited margin pertaining to the when-issued transactions of such customer. b. The amount obtained by multiplying the contract value of all securities pertaining to the when-issued transactions in the preceding Sub-item a. by 30/100. (3) In cases of settling all securities pertaining to when-issued transactions; or (4) In cases of replacing such money or securities in whole or in part. 3. When a trading participant conducts a new when-issued transaction for its customer, it may allocate to the amount of money which should be deposited as security deposit pertaining to such new when-issued transaction pursuant to the provisions of Rule 31, money equivalent to the amount obtained by subtracting the amount referred to in Item (2) from the amount referred to in Item (1), or securities equivalent to the amount obtained by dividing such amount by the ratio referred to in each item of Rule 40, Paragraph 2, which is applied mutatis mutandis in the preceding rule, deposited as security deposit pertaining to the when-issued transaction which it received from such customer as security deposit pertaining to the when-issued transaction. (1) The total amount of deposited margin pertaining to the when-issued transactions of such customer; (2) The amount obtained by multiplying the contract value of all securities pertaining to the when-issued transactions in the preceding item by 30/100.
Appears in 2 contracts
Samples: Brokerage Agreement, Brokerage Agreement
Withdrawal, etc. of Security Deposit Pertaining to When-Issued Transactions
1. Regarding money or securities which have been received from a customer as security deposit pertaining to a when-issued transaction, a trading participant may allow the customer to withdraw money equivalent to the amount obtained by subtracting the amount referred to in Item (2) from the amount referred to in Item (1), or securities equivalent to the amount obtained by dividing such amount by the ratio referred to in each item of Rule 40, Paragraph 2 which is applied mutatis mutandis in the preceding rule.
(1) The total amount of deposited margin pertaining to such customer's when-issued transaction (limited to security deposit pertaining to such when-issued transactions for which deposit was received. The same shall apply to Item (1), Sub-item a. of the next paragraph and Item (2), Sub-item a. of the same paragraph, Paragraph 3, Item (1), and Rule 37.);37.);
(2) The amount obtained by multiplying the contract value of all securities pertaining to the when-issued transaction in the preceding item (excluding those pertaining to corresponding transactions and transactions opposite to such corresponding transactions, as well as those for which settlement has completed. The same shall be applied to Item (1), Sub-item b. of the next paragraph, Item (2), Sub-item b. of the same paragraph, Paragraph 3, Sub-item b. and Rule 37.) by 30/100.
2. In addition to matters pursuant to the provisions of the preceding paragraph, regarding money or securities which have been received from a customer as security deposit pertaining to a when-issued transaction, a trading participant may allow the customer to withdraw such money or securities only in the cases referred to in each of the following items.
(1) In cases of partial settlement of securities pertaining to when-issued transactions (limited to cases of withdrawing money equivalent to the amount obtained by subtracting the amount referred to in Sub-item b. from the amount referred to in Sub-item a., or securities equivalent to the amount obtained by dividing such amount by the ratio referred to in each item of Rule 40, Paragraph 2 which is applied mutatis mutandis in the preceding rule.);rule.);
a. The total amount of deposited margin pertaining to the when-issued transactions of such customer.
b. The amount obtained by multiplying the contract value of all securities pertaining to the when-issued transactions in the preceding Sub-item a. (excluding those pertaining to the when-issued transactions to be so settled) by 30/100.
(2) In cases of partial settlement of securities pertaining to the when-issued transactions, when deposit of all securities purchased or money equivalent to the sales proceeds from securities sold via the when-issued transaction pertaining to such partial settlement as security deposit pertaining to a when-issued transaction is a condition (limited to cases where the amount referred to in Sub-item a. after such deposit is at least the amount referred to in Sub-item b.);b.);
a. The total amount of deposited margin pertaining to the when-issued transactions of such customer.
b. The amount obtained by multiplying the contract value of all securities pertaining to the when-issued transactions in the preceding Sub-item a. by 30/100.
(3) In cases of settling all securities pertaining to when-issued transactions; transactions; or
(4) In cases of replacing such money or securities in whole or in part.
3. When a trading participant conducts a new when-issued transaction for its customer, it may allocate to the amount of money which should be deposited as security deposit pertaining to such new when-issued transaction pursuant to the provisions of Rule 31, money equivalent to the amount obtained by subtracting the amount referred to in Item (2) from the amount referred to in Item (1), or securities equivalent to the amount obtained by dividing such amount by the ratio referred to in each item of Rule 40, Paragraph 2, which is applied mutatis mutandis in the preceding rule, deposited as security deposit pertaining to the when-issued transaction which it received from such customer as security deposit pertaining to the when-issued transaction.
(1) The total amount of deposited margin pertaining to the when-issued transactions of such customer;customer;
(2) The amount obtained by multiplying the contract value of all securities pertaining to the when-issued transactions in the preceding item by 30/100.
Appears in 1 contract
Samples: Brokerage Agreement
Withdrawal, etc. of Security Deposit Pertaining to When-Issued Transactions
1. Regarding money or securities which have been received from a customer as security deposit pertaining to a when-issued transaction, a trading participant may allow the customer to withdraw money equivalent to the amount obtained by subtracting the amount referred to in Item (2) from the amount referred to in Item (1), or securities equivalent to the amount obtained by dividing such amount by the ratio referred to in each item of Rule 40, Paragraph 2 which is applied mutatis mutandis in the preceding rule.
(1) The total amount of deposited margin pertaining to such customer's when-issued transaction (limited to security deposit pertaining to such when-issued transactions for which deposit was received. The same shall apply to Item (1), Sub-item a. of the next paragraph and Item (2), Sub-item a. of the same paragraph, Paragraph 3, Item (1), and Rule 37.);
(2) The amount obtained by multiplying the contract value of all securities pertaining to the when-issued transaction in the preceding item (excluding those pertaining to corresponding transactions and transactions opposite to such corresponding transactions, as well as those for which settlement has completed. The same shall be applied to Item (1), Sub-item b. of the next paragraph, Item (2), Sub-item b. of the same paragraph, Paragraph 3, Sub-item b. and Rule 37.) by 30/100.
2. In addition to matters pursuant to the provisions of the preceding paragraph, regarding money or securities which have been received from a customer as security deposit pertaining to a when-issued transaction, a trading participant may allow the customer to withdraw such money or securities only in the cases referred to in each of the following items.
(1) In cases of partial settlement of securities pertaining to when-issued transactions (limited to cases of withdrawing money equivalent to the amount obtained by subtracting the amount referred to in Sub-item b. from the amount referred to in Sub-item a., or securities equivalent to the amount obtained by dividing such amount by the ratio referred to in each item of Rule 40, Paragraph 2 which is applied mutatis mutandis in the preceding rule.);
a. The total amount of deposited margin pertaining to the when-issued transactions of such customer.
b. The amount obtained by multiplying the contract value of all securities pertaining to the when-issued transactions in the preceding Sub-item a. (excluding those pertaining to the when-issued transactions to be so settled) by 30/100.
(2) In cases of partial settlement of securities pertaining to the when-issued transactions, when deposit of all securities purchased or money equivalent to the sales proceeds from securities sold via the when-issued transaction pertaining to such partial settlement as security deposit pertaining to a when-issued transaction is a condition (limited to cases where the amount referred to in Sub-item a. after such deposit is at least the amount referred to in Sub-item b.);
a. The total amount of deposited margin pertaining to the when-issued transactions of such customer.
b. The amount obtained by multiplying the contract value of all securities pertaining to the when-issued transactions in the preceding Sub-item a. by 30/100.
(3) In cases of settling all securities pertaining to when-issued transactions; or
(4) In cases of replacing such money or securities in whole or in part.
3. When a trading participant conducts a new when-issued transaction for its customer, it may allocate to the amount of money which should be deposited as security deposit pertaining to such new when-issued transaction pursuant to the provisions of Rule 31, money equivalent to the amount obtained by subtracting the amount referred to in Item (2) from the amount referred to in Item (1), or securities equivalent to the amount obtained by dividing such amount by the ratio referred to in each item of Rule 40, Paragraph 2, which is applied mutatis mutandis in the preceding rule, deposited as security deposit pertaining to the when-issued transaction which it received from such customer as security deposit pertaining to the when-issued transaction.
(1) The total amount of deposited margin pertaining to the when-issued transactions of such customer;
(2) The amount obtained by multiplying the contract value of all securities pertaining to the when-issued transactions in the preceding item by 30/100.Item
Appears in 1 contract
Samples: Brokerage Agreement
