The Cabinet launched a new Knowledge Driven System ("KDS") tool for applying FINRA Rule 4210, which addresses to-be-announced margin requirements. The KDS model can be used to determine whether a potential customer or counterparty is an "exempt account" within the meaning of FINRA Rule 4210(a)(13).

Knowledge Driven Systems are Cabinet-created automated tools that allow you to accomplish a variety of tasks quickly, in an industry-standardized fashion, and in ways that are time- and cost-efficient. The systems also allow you to record the results of your work in order to demonstrate compliance. KDS can be used to:

  • analyze regulatory questions,
  • create checklists of work accomplished or reviews performed,
  • create paths to particular documents,
  • create standardized contracts and certificates,
  • execute and score tests, and
  • audit workflow.

If you would like to discuss the use of KDS as part of or apart from your Cabinet subscription (including the installation of either standardized or proprietary KDS onto your server), please contact William Sadd by email at william.sadd@cwt.com or by phone at (212)-993-2818.

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