The Fully Paid For Account is a special subaccount within NSCC's Continuous Net Settlement (CNS) System that assists participants in maintaining compliance with possession and control requirements pursuant to Rule 15(c)3-3 of the Securities Exchange Act.

The Fully Paid For Account allows participants to complete settlement obligations based on anticipated same-issue allocations from CNS. Third-party deliveries for credit through the Institutional Delivery (Omgeo) system are facilitated by this CNS subaccount.

The Fully Paid For Account is available for CNS-eligible equities, corporate bonds, unit investment trusts, rights, and warrants.

 

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