What is the difference between a cash and margin account?
margin accounts are given a credit based on their marginable sec's held in the account (extra $$ for client)
100
brokerage edit says to: validated block against account
ATS(asset transition services) aka broker transfer
200
what time do the declines actually get returned?
1:30/2:30/5
200
To calculate the available balance in a mgn acct, do we use the SMA or FME?
whichever is lower on FWM
200
The branch wants to change their dividends from 'hold' to monthly check
account maintenance
300
what does the negative open to buy represent?
total amount needed to cover all debits currently pending
300
An asap is AW-BKP, but the DR page noted MGCA instead of a customer accounting queue. Who needs to process this asap?
someone from margin!! call margin!!!
300
ASAP status is LGLRVW
distributions: special feduciaries
400
Who do we e mail for an override?
check authorization unit, cma
400
True or False: When an account is in a margin credit, we can ignore the pend amount debit on BMA and approve the movement of securities, even though it appears that the account will be left in a debit
true
400
There are two AW-HOM check declines on RCX for an account. The declines have the same payee and amount.
Checking (Checks on MLSN)
500
what code in the reason field will suppress the $30 returned check fee for a client's decline?
stpt , clsd
500
how can we see if an account is set up for FTS of dividends?
AZC screen
500
while reviewing an account to approve a JE, you notice a 1 for a margin signal. What do you need to look for?
check if any of the sec's you are moving are in UNDERWRITING. (u on FWH). if they are, send e mail to margin rep
500
CA wants to know when the account will be paid a dividend for coca cola