§ 402.1 Application of part to registered brokers and dealers and financial institutions; special rules for futures commission merchants and government securities interdealer brokers; effective date
§ 402.2 Capital requirements for registered government securities brokers and dealers
§ 402.2a Appendix A–Calculation of market risk haircut for purposes of § 402.2(g)(2)
§ 402.2c Appendix C–Consolidated computations of liquid capital and total haircuts for certain subsidiaries and affiliates
§ 402.2d Appendix D–Modification of § 240.15c3-1d of this title, relating to satisfactory subordination agreements, for purposes of § 402.2
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Terms Used In 17 CFR Part 402 - Financial Responsibility

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Fixed Rate: Having a "fixed" rate means that the APR doesn't change based on fluctuations of some external rate (such as the "Prime Rate"). In other words, a fixed rate is a rate that is not a variable rate. A fixed APR can change over time, in several circumstances:
    • You are late making a payment or commit some other default, triggering an increase to a penalty rate
    • The bank changes the terms of your account and you do not reject the change.
    • The rate expires (if the rate was fixed for only a certain period of time).
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Trustee: A person or institution holding and administering property in trust.