|
|
![]() | ![]() | ![]() | ![]() |
| |||||||||
This excerpt taken from the NDAQ 8-K filed Aug 1, 2008. 14. Participants Margin Accounts Relative to SCCP, margin accounts receivable from and payable to participants include amounts due on cash and margin transactions. Securities owned by participants and held as collateral for receivables were valued at $780,000 and $1,236,000 at March 31, 2008 and 2007, respectively. Such collateral is not reflected in the consolidated financial statements. Securities owned by participants are marked to market in determining equity for margining purposes. SCCP is potentially exposed to credit risk arising from nonperformance of its margin members in meeting their settlement obligations. This excerpt taken from the NDAQ 8-K filed Feb 20, 2008. 14. Participants margin accounts Relative to SCCP, margin accounts receivable from and payable to participants include amounts due on cash and margin transactions. Securities owned by participants and held as collateral for receivables were valued at $1.3 million and $4.3 million at September 30, 2007 and 2006, respectively. Such collateral is not reflected in the consolidated financial statements. Securities owned by participants are marked to market in determining equity for margining purposes. SCCP is potentially exposed to credit risk arising from nonperformance of its margin members in meeting their settlement obligations.
F-164
| EXCERPTS ON THIS PAGE:
RELATED TOPICS for NDAQ: |
| |||||||