Payment period

Payment period means the number of business days in the standard securities settlement cycle in the United States, as defined in paragraph of SEC Rule 15c61 (17 CFR 240.15c61(a)), plus two business days.

Source

12 CFR § 220.2

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Scoping language

The terms used in this part have the meanings given them in section 3 of the Act or as defined in this section as follows:

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