A customer maintains a single individual account at a SIPC-member brokerage firm that unde… — FINRA SIE (Securities Industry Essentials)

A customer maintains a single individual account at a SIPC-member brokerage firm that undergoes liquidation. The account contains $200,000 in municipal bonds and$ 285,000 in uninvested cash. What total dollar amount of cash in this account is protected under SIPC coverage?

Cevap: 250000 USD

Cevap

SIPC will cover $250,000 of the cash balance.

SIPC protects customer accounts against broker-dealer insolvency up to

500,000 total per separate customer, but includes a maximum sublimit of

250,000 for cash claims. Even though the total account value (

485,000) is under the

500,000 cap, only

250,000 of the

285,000 cash balance is covered.

Adım Adım Çözüm

Determine the account totals and overall SIPC limit applicability

Total account value is

485,000 (

200,000 securities +

285,000 cash), which is within the

500,000 overall SIPC coverage limit per separate customer.

SIPC covers up to $500,000 total per separate customer.

Apply the cash protection sublimit

SIPC cash coverage is capped at a maximum of $250,000.

Regardless of overall account size, SIPC restricts cash claim recovery to $250,000 per separate customer capacity.

Calculate protected cash amount

Out of the

285,000 cash balance, exactly

250,000 is covered by SIPC, and the remaining $35,000 becomes a general creditor claim.

The cash balance exceeds the statutory SIPC cash sublimit.

Anahtar Kavram

SIPC Cash Coverage Limit per Separate Customer

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