Specifically identifiable property
Specifically identifiable property means:
(1)
(i) The following property received, acquired, or held by or for the account of the debtor from or for the futures account, foreign futures account, or cleared swaps account of a customer:
(A) Any security which as of the filing date is:
(1)(i) Held for the account of a customer;
(ii) Registered in such customer's name;
(iii) Not transferable by delivery; and
(iv) Has a duration or maturity date of more than 180 days; or
(2)(i) Fully paid;
(ii) Non-exempt; and
(iii) Identified on the books and records of the debtor as held by the debtor for or on behalf of the commodity contract account of a particular customer for which, according to such books and records as of the filing date, no open commodity contracts were held in the same capacity.
(B) Any warehouse receipt, bill of lading, or other document of title which as of the filing date:
(1) Can be identified on the books and records of the debtor as held for the account of a particular customer; and
(2) Is not in bearer form and is not otherwise transferable by delivery;
(ii) Any open commodity contracts treated as specifically identifiable property in accordance with ยง 190.03(c)(2); and
(iii) Any physical delivery property described in paragraphs (1) through (3) of the definition of physical delivery property in this section.
(2) Notwithstanding paragraphs (1) and (3) of this definition, security futures products, and any money, securities, or property held to margin, guarantee, or secure such products, or accruing as a result of such products, shall not be considered specifically identifiable property for the purposes of subchapter IV of the Bankruptcy Code or this part, if held in a securities account.
(3) No property that is not explicitly included in this definition may be treated as specifically identifiable property.