TeachMeFinance.com - explain For the account
For the account -- When securities are bought or sold for
the account the transaction is a marginal one (on margin) for
the account and risk of the buyer or the seller, as the case
In a marginal transaction the presumption is that in case of
a purchase the securities are to be sold at a subsequent time,
while in the case of a sale the presumption is that the securities
are to be bought back later.
On the London Stock Exchange "for the account" means
that the securities are to be delivered and received and paid for
in the next fortnightly settlement.
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