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So the brokerage is always required to sit on the buyer’s money just in case they can’t readily get the securities or the collateral from the clearinghouse, and
by erik_seaberg 6y ago
So the brokerage is always required to sit on the buyer’s money just in case they can’t readily get the securities or the collateral from the clearinghouse, and the buyer can’t even put up extra money to make sure the transaction can go through. Weird, but good find.