What is a general account?
The term "General Account" is used in a securities and securities trade store in two different ways. In the case of insurance industry, general accounts are available to the insurance company. In the context of securities trading, the general account is another deadline for the margin account; The Federal Reserve Council uses the term “general account” to refer to these accounts and activities in them are limited by the T regulation, a regulation proposed by the Federal Reserve Council. Customers are not interested in the account or the insurance company, and the insurance company can operate the account as it considers it appropriate to increase the available funds at hand so that it can afford to pay. Insurance companies may decide to invest some of the general account. When someone claims, the company provides money provided that the customer of the ipoješťání company is to pay the claim.
They pose a risk to their customers. People pay for a policy with understanding that they will be availableThinking to cover liabilities. If the insurance company goes bankrupt, the coverage for its customers is lost. The agency's evaluation regularly checks to insurance companies to come up with credit risks assessment so people know how reliable the company is in the estimation of financial experts. This allows people to decide how and where to buy insurance.
for securities traders is a general account by which customers have access to the loan in mediation. Credit activities must be held in the general account and the activity on the account is carefully documented. Investors own the content of their general accounts and may decide to close their account and select funds if necessary. Brokers are interested and allow it to use some or all contents to cover unpaid accounts. Brokers can also release a margin call and ask people to put more assets on the account when their credit risks increase,to cover their debt.
People are entitled to detailed accounting activities in their general accounts from a broker who should provide regular statements. If irregularities are identified, it is advisable to solve them as soon as possible. Getting to the bottom of suspicious transactions is much easier when they are recent because they can be monitored faster and easier.