Legal Intelligence Tool Determines Which Margin Requirements Apply to Specific Transactions

In an expansion of the Expert Systems toolkit, Cabinet lawyers created a new, automated process for applying FINRA Rule 4210, which addresses to-be-announced ("TBA") margin requirements. The legal intelligence tool can be used to determine which FINRA Rule 4210 margin requirements apply to a transaction in which a FINRA member broker-dealer extends credit (whether through a reverse repurchase transaction, a margin loan or entry into a TBA) on a debt security to a customer.

To discuss the use of Expert Systems as part of or apart from your Cabinet subscription (including the installation of either a standardized or proprietary system onto your server), please contact William Sadd by email at [email protected] or by phone at (212)993-2818.