Client Segregated Cash
9 weeks ago by
I would expect the final cash sum per client account to be as follows:
Cash at date of administration(a)+dividend income+interest income(b)-cash apportionment of administration costs(c)+FSCS compensation in respect of (c)(d)
Except for those 10 accounts with very large amounts of cash (d) will equal (c)
Whilst securities are anticipated to be returned in September, via broker transfer, I'm not sure when cash will be returned, as it is treated separately. Will seek clarification on this point.
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