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Customer Ledger Meaning & Definition
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Definition of Customer Ledger
Customer Ledger is a ledger that lists all customer cash and margin accounts.
Applying "Customer Ledger" to Securities Exams:
In accordance with the SEC rules regarding customer ledgers, cash and margin accounts must be shown on separate ledgers and must be posted (updated) no later than settlement date. Additionally, copies of customer ledgers must be kept for 6 years.