| Article 17 |
A securities firm shall pay any monies payable by a customer with the funds in the Settlement Account first. Where the securities firm has created a separate ledger for such customer under each customer funds retention account opened by the customer with different financial institutions, the securities firm shall pay the above-mentioned monies with the amount specified in each ledger, then with funds in the savings account opened by the customer with a financial institution designated by the securities firm in the event of a deficiency; if said monies are still not covered in full by such funds in the savings account, the securities firm shall immediately notify the customer.
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