17 C.F.R. § 260.11b-4 Definition of “cash transaction” in section 311(b)(4).
Title 17 - Commodity and Securities Exchanges
The term “cash transaction”, as used in section 311(b)(4), means any transaction in which full payment for goods or securities sold is made within 7 days after delivery of the goods or securities in currency or in checks or other orders drawn upon banks or bankers and payable upon demand.
Title 17: Commodity and Securities Exchanges
PART 260—GENERAL RULES AND REGULATIONS, TRUST INDENTURE ACT OF 1939
Rules Under Section 311
§ 260.11b-4 Definition of “cash transaction” in section 311(b)(4).
