---
kind: "section"
citation: "17 C.F.R. § 300.501"
title: "17"
number: "300.501"
heading: "Claim for cash."
url: "https://uscodex.org/cfr/17/300.501"
---

# §300.501. Claim for cash.

- (a) Where a SIPC member (“Debtor”) held securities in an account for a customer, the customer has a “claim for cash” with respect to any authorized securities sale:
  - (1) If the Debtor has sent written confirmation to the customer that the securities in question have been sold for or purchased from the customer's account; or
  - (2) Whether or not such a written confirmation has been sent, if the securities in question have become the subject of a completed or executory contract for sale for or purchase from the account.
- (b) Where the Debtor held cash in an account for a customer, the customer has a “claim for cash”, notwithstanding the fact that the customer has ordered securities purchased for the account, unless:
  - (1) The Debtor has sent written confirmation to the customer that the securities in question have been purchased for or sold to the customer's account; or
  - (2) Whether or not such a written confirmation has been sent, if the securities in question have become the subject of a completed or executory contract for purchase for or sale to the account.

## Notes

### Source

Source: Sections 300.500 through 300.503 appear at 53 FR 10369, Mar. 31, 1988, unless otherwise noted.

### Authority

Authority: 15 U.S.C. 78ccc.

### Source

Source: 44 FR 5077, Jan. 25, 1979, unless otherwise noted.