SPICE
Submission of Power of Attorney based Instructions for Clients Electronically — lets clearing members holding a POA submit auto pay-in instructions to debit client accounts and credit the CM Pool Account.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Where this is taught
Free preparation for NISM Series VI← All terms