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Accrued interest earned on fixed-income securities shall be computed from the last coupon payment date up to the settlement date. This amount shall be paid to the seller of the instrument by the purchaser, who then receives the full periodic interest amount on the next coupon payment date.
","snippet":"Accrued interest earned on fixed-income securities shall be computed from the last coupon payment date up to the settlement date. This amount shall be paid to the seller of the instrument by the purchaser, who then recei…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:54c230b2946ddf8f48e2c8f39214e61f6b3c6d6f184381110252228bfb6c52b8","downloaded_from":"2026-09-09T23:35:47.155Z","last_downloaded_at":"2026-09-09T23:35:47.155Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478914","source_sha256":"6b2cd929b7a22856b4aa33c4a3e46747c5d09d2de24b7e50b8decd7d0a8099e8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5bff2c71418b29d77b44d06eefb1ce1f927cd5e27f6436626c7ff475bef69b37","downloaded_from":"2026-09-09T23:35:47.155Z","last_downloaded_at":"2026-09-09T23:35:47.155Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478914","source_sha256":"6b2cd929b7a22856b4aa33c4a3e46747c5d09d2de24b7e50b8decd7d0a8099e8"}},{"block":"Proprietary Trading Securities","heading":null,"paragraphs":[{"citation":"320-940-30-2","para":"30-2","html":"
A broker-dealer may buy and sell securities for its own account. Security positions resulting from proprietary trading shall be measured initially at fair value, including both of the following:
  1. a
    Inventory
  2. b
    Obligations for short inventory positions.
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