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In moving a TRACE-eligible bond from one firm principal trading account to another, is a member firm required to submit a TRACE report, or is this simply an inter-company transfer?

April 26, 2017account Bond firm moving Principal submit trace-eligible trading

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In moving a TRACE-eligible bond from one firm principal trading account to another, is a member firm required to submit a TRACE report, or is this simply an inter-company transfer?

1 Answer

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If there is no change in ownership, it is merely a journal entry between accounts and is not reportable to TRACE.