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•UALIFIED PUBLIC DEPOSITORY-A financial institution which does not claim <br /> taxes <br /> exem•tion from the •a ment of an se.reales r com•ensatin. use or ated for the benefit ofcoem mmission <br /> under the laws of this state which has _ <br /> ch has <br /> elisible collateral haven• a value of not less its maximum Commiss'►on to hoit and ld •ubl c die•osits. <br /> been a•'Proved b the Public De•osit Protection <br /> REPURCHASE AGREEMENT REPO The Re•o is a contractual not a secured IoanraThecinoe borween <br /> an investor and an issuin• financial institution <br /> exchan•es cash for tern.ora ownershi•�e f ssecific securities the financial institutionth an a•reement <br /> w will re•urchase the <br /> between the •arties that on a future da <br /> securities at a •rearran•ed .rice.An"O.en Reso" <br /> does <br /> not <br /> a have <br /> a sse ified re.urchase <br /> date and the re•urchase .rice is established b <br /> REPRICING -The revaluation of the market value of securities. <br /> SAFEKEEPING-A service to customers rendered fidons are held in the bank'sbanks for a fee b aults for <br /> all <br /> securities and valuables of all t •es and de <br /> .rotection or in the case of book entr securities e else.held and recorded in the <br /> customer's name and are inaccessible to o <br /> SECURITIES - Bonds notes mar-tea.es or other forms of ne•otiable or non-ne•otiable <br /> instr,_ u== <br /> SECURITY AND EXCHANGE COMMISSION UNIFORM dNET CAPITAL ct RUfi Ees LE 1503-1 <br /> -The net ca•ital rule focuses on li•uidi and F <br /> customers counterearties and creditors b re• <br /> that <br /> broker-dealers have sufficient <br /> li.Laid resources on hand at all times to satis claims <br /> •roSETTLEMENT DATES -The da on which •a ment is due for a securities • rchase.n estmenfi dealer settlementus normal)For <br /> stocks and mutual funds bou•ht throw h an i <br /> usiness <br /> five business da s after the trade date. Bods and o•tions•urchased direct) b llmail�or wireone bettle on <br /> da after the trade date mutual fund shares <br /> the da payment is received. <br /> e <br /> SPREAD - a Difference between the best bu in. •rice;ices nd the <br /> f best <br /> se llinties cofor <br /> an •iven securit . b Difference between ields on or <br /> differin• •ualit or differin• maturities. c Inunderrwritin• difference between .rice <br /> realized b the issuer and .rice •aid b theinvestor. <br /> THIRD-PARTY SAFEKEEPING -A safekee•inranf e ent obank reinbestment the investor has <br /> full control over the securities bein• held and the <br /> dealede.artment has no access to the securities bein• held. <br /> TIME DEPOSIT-Interest-bearin• de•osit at a savin•s institution that has a s.ecific <br /> maturit . <br />