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Cusa

Last Update 2 years ago

What is the meaning of Cusa? When does client stock go to the CUSA account? If the client did not clear the ledger balance and the POA is no so how does the corporate action settle? When is client stock released from the CUSA account?

When does client stock go to the CUSA account?

Jainam Broking Limited

Last Update 2 years ago

The TM/CM shall construct a separate client account labelled "client unpaid securities account" for any securities that the clients have not fully paid for (unpaid securities). Unpaid securities must be moved from the pool account of the concerned TM/CM to this "client unpaid securities account."

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