shortfall
- (1) (in relation to cancellation of an investment agreement ) the amount a firm is entitled to charge a customer for the market loss in accordance with COBS 15.4.3 R.
- (2) (in relation to client money ) the amount by which the client money in a client bank account is insufficient to satisfy the claims of clients in respect of that money, or not immediately available to satisfy such claims.
- (3) (in relation to safe custody assets) any amount by which the safe custody assets held by a firm under the custody rules fall short of the firm's obligations to its clients to hold safe custody assets.