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7 Sufficient Securities, Segregation, and Loss Sharing »

Guillermo Caballero, Erica Johansson, Thomas Keijser, Maria Vermaas
From: Transnational Securities Law
Edited By: Thomas Keijser
7.01 When more securities are credited to the securities accounts of the account holder than its intermediary actually holds or has available, an imbalance has occurred. As discussed in section B, such an imbalance can occur for different reasons. For example, it may be due to an administrative error or even fraud. Such imbalances can have a disrupting effect on the intermediated holding system. Different solutions are available depending on different factors such as the relevant legal system and the technical infrastructure, including that provided by the...