Clearing
& Custody Only
Ridge restricts the amount of credit extended to both individual
and
professional investors to amounts much lower than permitted
by Federal
regulations, and requires all loans to be fully
collateralized by high quality, readily marketable securities.
Ridge does not accept as collateral any
exotic or illiquid
mortgage-backed derivative instruments. Ridge does not
use
any of its capital to maintain an inventory of securities
to be offered
for sale to its clients. None of its capital
is exposed to market fluctuations
in proprietary trading
accounts.
Cash
Management
Our clients can select among several Reich
& Tang money market funds
to achieve diversification
and liquidity for their cash position. (more
Info)
With a market capital of more than $2.7 billion at June 30, 2007, Broadridge
Financial Solutions, Inc. (NYSE: BR) is a leading
global provider of technology-based outsourcing solutions
to the financial services industry for over 40 years.
Broadridge has 39 locations that span the United States,
Canada, Europe, Asia, India and Australia to support
the investor communication and securities processing
needs of its clients. As a multi-currency market leader,
only Broadridge has comprehensive securities processing
capabilities for domestic and international equities,
mutual funds, options and fixed income securities
that empower firms to trade any security, anywhere,
at any time. The result: Broadridge processes an average
of over 2.5 million equity trades per day and $2 trillion
in daily fixed income trades.
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Account Protection Info
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Account Protection
Securities Investor Protection Corporation (SIPC), which protects securities and cash of the customers of its members up to a maximum of $500,000, of which $100,000 may be cash. More information about SIPC coverage is available at www.sipc.org.
Ridge Clearing & Outsourcing Solutions, Inc. is pleased to announce that it has purchased an additional insurance policy through a group of London Underwriters (with Lloyd's of London Syndicates as the Lead Underwriter) to supplement SIPC protection effective December 10, 2008. This additional insurance policy becomes available to customers in the event that SIPC limits are exhausted and provides protection for securities and cash up to an aggregate of $600 million. This is provided to pay amounts in addition to those returned in a SIPC liquidation. This additional insurance policy is limited to a combined return to any customer from a Trustee, SIPC and London Underwriters of $150 million, including cash of up to $2 million. This additional insurance does not protect against a loss in the market value of securities.
For more information, please contact your Account Representative
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