PART A.2 - BULK SEGREGATION CALCULATION

4316. Net loan value and market value of securities in a client’s account

Or jump to a Series:

    1. A Dealer Member holding segregated securities in bulk segregation must determine for all securities held for all accounts of each client:

      1. the number of securities that are part of a qualifying hedge position,

      2. the net loan value of securities (excluding securities that are part of a qualifying hedge position) less the aggregate debit cash balance in accounts (or plus in the case of a credit), and

      3. the market value of securities (excluding securities that are part of a qualifying hedge position) not eligible for margin less the aggregate amount, if any, by which those accounts are under margined as calculated in clause 4316(1)(ii).

    2. A Dealer Member must segregate the net loan value of securities calculated in clause 4316(1)(ii) and the market value of securities calculated in clause 4316(1)(iii) for each client account.
    3. A Dealer Member is not required to segregate an amount of securities greater than the market value of the securities held for those accounts.

    There is no history log for this rule.

    There is no history log for this rule.