separate customer

Separate customer

Method of allocating insurance by the Securities Investor Protection Corporation. Each account that is under the name of a different person or group of people is entitled to maximum protection.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Separate Customer

The way that the Securities Investor Protection Corporation treats each account. The Securities Investor Protection Corporation is a not-for-profit organization mandated under American law to insure investors against the potential bankruptcy of a broker-dealer. According to the SIPC's rules, each account is treated as a separate customer, even if multiple accounts have the same owner. This insures each account and not just the owners personally.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

separate customer

For purposes of insurance coverage by the Securities Investor Protection Corporation, an account entitled to full insurance coverage. A husband and wife, each with individual accounts and also a joint account, are viewed as three separate customers for insurance purposes. Each one of the accounts, including the joint account, is covered in full.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Triton says it is currently undertaking work to separate customer and service vehicles by creating a dedicated service access via Rainbow Street.
"EmbedID is a gamechanger, particularly for developers building fintech solutions, who need to create a separate customer onboarding process for each and every country their customers are in, as regulatory requirements differ across countries," said Anatoly Kvitnitsky, VP of Growth at Trulioo.
"After pointing to a chip chart at the back of the shop, our fryer can then leave each separate customer's chips in frying, until they reach their particular favourite shade.
** VRFs have been created and associated with the customer interfaces a router distinguisher (RD) to separate customer's route from each other [13].
Eversource's fully integrated system starts with a separate customer care call center that processes customer calls of power outages, which sometimes provide a clue as to what may have caused the outage.
At the time of the breach, officials investigating the occurrence noted Target granted access to a third-party vendor who had weak security protocols, failed to separate customer data from less sensitive databases and ignored several warnings from its security system, which had alerted the company hackers had breached its database.
Individually, they represent separate customer journeys: These are analyzed and designed based upon design principles we derive from the customer lifecycle and our customer experience vision and strategy.
I am reminded of enterprises that still run separate customer support teams for traditional channels and separate ones for social media, with the two not having the same view of the customer, and of enterprise apps, now on mobile, that painstakingly mimic the original desktop user experience.
The data contained or stored in these separate customer databases can be captured differently and in a nonstandardized manner--for example, a customer's name can be stored in a number of different ways: Jim Jones, James Jones, J.
The registration fee is reduced from Rs.10,000/- (Rs.1,000 Registration Fee + Rs.9,000 customer education fee) to Rs.5,000, which will be a common registration fee, without any separate customer education fee.
The underlying critical issue here is this: Banking has always been a business dominated by two separate customer benefits: transaction convenience and trustworthy person-to-person financial advice.
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