Series 27: Supplemental Liquidity Schedule

Supplemental Liquidity Schedule

Some broker-dealers must file a monthly Supplemental Liquidity Schedule (SLS). The information on the SLS tells FINRA whether the broker-dealer’s assets are liquid enough to promptly make cash payments to customers and creditors.

There are two circumstances under which a broker-dealer must file an SLS:

• • The broker-dealer is a carrying firm with at least $25 million in free credit balances. You may recall that a free credit balance is the cash in a customer's account that she may withdraw on demand.
• • The broker-dealer has at least $1 billion in debt from any or all of the following:
• » Repurchase agreements
• » Bank loans
• » Borrow