What are the account types that may be opened on the SDC’s electronic systems?
|
Investors accounts that may be opened on the SDC’s Database shall be divided as follows:
|
|
|
Independent Account: an account that is opened for one person only (natural or judicial). |
|
|
Joint Account: an account that can be opened for two persons or more where the ownership of securities shall be registered in the joint name. It shall not be permitted to open joint accounts except for the purposes of selling securities registered in the name of two persons or more, only. |
|
|
Margin Account: an account opened by a Broker licensed by the Commission to provide margin financing for its clients. |
|
|
Custody account: an account opened by the Broker and linked to an independent custody account opened with the Custodian. |
|
