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Fixed Income
Bond vs Bond Fund
Margin and Trade Violations
Cash due
Options
100

This type of product is offered by a bank and does not have a cusip.

What is a bank CD?

100

This investment pays out typically semi-annually with interest.

What is an individual bond?

100
Utilized this to remove margin from an account.

What is a client' LOI or client request over the phone with NT form VBS Maint_Clerical?

100

Margin begins sell outs at this time.

What is 2PM E time?

100

The extension for options is.

What is 47202?

200

Although very similar to a bank product on investment style it can be bought and sold in the secondary market and has a cusip.

What is a brokered CD?

200

This investment typically pays monthly and pays dividends.

What is a bond fund?

200

This will cause an automatic 90 day restriction.

What is a Freeride?
200

A FINRA extension gives the client 7 additional calendar days to cover a trade. Margin will automatically file extensions for ___________.

What is non-retirement accounts?

200

There are this many levels of options trading.

What is 4?

300
This group also will assist with Preferred Stock, UIT, ETN's when clients have questions or needs to trade.

What is the Fixed Income Group?

300

Rising interest rates will have an impact on both of these.

What is the Price/Nav?

300
Any combination of these 3times will cause a 90 day restriction.

What is late sale and unsettled trade liquidation?

300

If a client doesn’t want to cover a cash due item, the margin department will follow the workflow and sellout the client on ___ or ___.

What is t+4 or t+9?

300

This level of trading allows writing of uncovered Puts.

What is level 4?

400

The ext. for Fixed Income is.

What is 17470 or 43556?

  • Fixed Income Trading (ext. 17470)- receives all fixed income trade-related calls.
  • Fixed Income Senior Trading (ext. 43556)
400

It is called ______ or _______ depending on if you sell above or below par.

What is premium or discount?

400

This is the base lending rate if you take a margin loan.

what is 7%?

400

Cash payment cycle is governed by Regulation ______.

What is T?

400

An IRA is not able to apply for these two levels of options.

What are levels 3 and 4?

500

Most fixed income cost basis was required to be kept track by firms since this date.

What is Jan. 1st 2014?

500

This bond fund as of 9/30/2018 has fund total net assets 199.7 Bn. and number of bonds 8523.

What is Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX)?

500

This will happen if a client commits three 90 day restrictions in a rolling 52 week period.

What is a 1 year restriction?

500

These five options can help a client cover cash due in a non-retirement account.

What are Wire, ACH, Exchange, check or sale of securities?

500
The client will need to do this if already approved for a current level of options but seeking a higher level.

What is submit a new options application?