Ruling of the Committee:
Where securities are physically separate instruments, transferable independently of one another, and not subject to any legal or technical condition which requires that they be kept together, good practice requires that they be quoted and dealt in separately and not as units. Where, for some special reason, members enter into a contract calling for a
The units of delivery for certificates of deposit for bonds, shall be the same as prescribed for bonds in Rule 11362.
Amended by SR-FINRA-2010-030 eff. Dec. 15, 2010.Selected Notice: 10-49.
The minimum unit of delivery for Unit Investment Trust Securities shall be a single unit of the trust.
Amended by SR-FINRA-2010-030 eff. Dec. 15, 2010.
Added eff. Mar. 18, 1983.Selected Notices: 83-69, 10-49.
(a) Coupon Bonds
Each delivery of bonds or similar evidences of indebtedness in coupon bearer form shall be made in denominations of $1,000 or in denominations of $100 or multiples thereof aggregating $1,000.
(b) Registered Bonds
Each delivery of bonds or similar evidences of indebtedness in fully registered bond issues shall be made in
(a) Stock certificates delivered in settlement of contracts:
(1) in which the transaction is for 100 shares may be in one certificate for the exact number of shares or certificates totaling 100 shares.
(2) in which the transaction is greater than 100 shares and a multiple of 100 shall be in the exact amount of the contract, or in multiples of 100 shares, or in amounts
• • • Supplementary Material: --------------
.01 Uniform Delivery Ticket Form.
NO.
DELIVERY TICKET
NAME OF MEMBER:ADDRESS:
TELEPHONE
THE ATTACHED SECURITIES ARE DELIVERED AGAINST PAYMENT
CODES
ORIGINATOR NO.
TRANS. NO
SETT
The purchaser shall be required to accept a part delivery on any contract due provided the portion remaining undelivered is not an amount which includes an odd-lot which was not a part of the original transaction.
Amended by SR-FINRA-2010-030 eff. Dec. 15, 2010.
Amended eff. Jan. 1, 1973.Selected Notice: 10-49.
(a) Members shall, as required by the rules and regulations of jurisdictions imposing taxes on sales, purchases or other transfers of securities, furnish tax stamps or pay the tax through securities clearing organizations.
(b) In the event that taxes are due pursuant to state stock transfer taxes, the seller shall furnish to the buyer at the time of delivery a sale memorandum
The party making delivery shall have the right to require the purchase money to be paid upon delivery by certified check, cashier's check, bank draft or cash.
Amended by SR-FINRA-2010-030 eff. Dec. 15, 2010.Selected Notice: 10-49.
(a) A member shall use the facilities of a securities depository for the book-entry settlement of all transactions in depository eligible securities with another member or a member of a national securities exchange or a registered securities association.
(b) A member shall not effect a delivery-versus-payment or receipt-versus payment transaction in a depository eligible security with a
