segregation

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Segregation

The practice of broker-dealers keeping securities for which a client has paid in full separate from securities the client has purchased on margin as well as from securities used as collateral on a margin account. Rule 15c3-3 requires segregation of these securities.

segregation

The safekeeping of a customer's securities in a separate location when the securities have been paid for in full. Segregated securities may not be commingled with the securities of the broker-dealer and they may not be used by the broker-dealer to collateralize loans. See also Rule 15c3-3.
References in periodicals archive ?
One potential benefit of doing so would be to find ways of simultaneously using several catalysts in complex industrial-chemical processes and then, by controlling how the catalysts segregate, retrieving each one separately.
It recognized society's tendency to isolate and segregate disabled individuals and chose to provide them with legal recourse.
Most of PRC's larger foundries, with outputs of 20 tons or more/day, find it economically feasible to segregate their materials into three different streams: commingled sand streams and cores; slag and used refractories; and dusts.
What we did was segregate those individuals that were involved in the initial rioting,'' Klugman said.
This is the first experimental evidence that different molecular reactants segregate themselves into like groups when confined to small spaces.
Reflecting strong cash flow, MCI intends to segregate cash from operations and earnings throughout 1993 to fund further partial redemptions of the 10 percent debentures.
Los Angeles County jail officials, who routinely segregate inmates by gang affiliation to thwart brawls, say their lawyers believe the jail is not affected by the U.
But Day countered that it's difficult to completely segregate a jail.
A court will not allow a landlord who segregates after such assignment or bankruptcy to oppose an assignee's or trustee's claim for return of such security.
381(c)(2)(B) segregates the accumulated earnings and profits (AE&P) deficit of one constituent corporation from the positive AE&P of the other constituent corporation until the deficit AE&P has been offset by earnings and profits accumulated after the corporate combination.