Payment period

Payment period means the number of business days in the standard securities settlement cycle in the United States, as defined in paragraph (a) of SEC Rule 15c6-1 (17 CFR 240.15c6-1(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(a) of the Act or as defined in this section as follows:

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