Settlement of inactive client funds shifted to monthly running account settlement cycle; trading before that restores client settlement preference. For clients with a credit balance who have not traded in the thirty calendar days since their last transaction and whose funds remain with the Trading Member beyond that period, the entire credit balance shall be returned to the client on the upcoming settlement date of the monthly running account settlement cycle as notified by exchanges, irrespective of the settlement cycle preferred by the client; if the client trades after thirty calendar days but before that upcoming monthly settlement date, settlement will follow the client's indicated quarterly or monthly preference.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Settlement of inactive client funds shifted to monthly running account settlement cycle; trading before that restores client settlement preference.
For clients with a credit balance who have not traded in the thirty calendar days since their last transaction and whose funds remain with the Trading Member beyond that period, the entire credit balance shall be returned to the client on the upcoming settlement date of the monthly running account settlement cycle as notified by exchanges, irrespective of the settlement cycle preferred by the client; if the client trades after thirty calendar days but before that upcoming monthly settlement date, settlement will follow the client's indicated quarterly or monthly preference.
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