Failure to satisfy margin call. If any margin call
required by this Regulation (17 CFR ß ß 242.400 through 242.406)
is not met in full, the security futures intermediary shall take the deduction
required with respect to an undermargined account in computing its net capital
under Commission or CFTC rules.
Accounts that liquidate to a deficit. If
at any time there is a liquidating deficit in an account in which security
futures are held, the security futures intermediary shall take steps to liquidate
positions in the account promptly and in an orderly manner.
Liquidation of undermargined accounts not required.
Notwithstanding Rule 402(a) of this Regulation,
section 220.4(d) of Regulation T (12 CFR 220.4(d)) respecting liquidation
of positions in lieu of deposit shall not apply with respect to security futures
carried in a securities account.
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