Account

An account:

• can be a securities or commodity or futures contracts account
• can be denominated in any currency
• must be
  • used solely for the purpose of transacting securities or commodity and futures contracts business (dealing as principal or agent).
  • fully disclosed in the records of the insolvent Member, which ordinarily means that you receive receipts, contracts and statements relating to transactions and positions in the account from the Member

For more information please refer to the CIPF Coverage Policy.