5111. Margin requirements — general application

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    1. A Dealer Member must:

      1. obtain from and maintain for each of its clients, and

      2. maintain for its own inventory accounts,

      3. minimum margin in the amount and manner prescribed by IIROC.

    2. A Dealer Member must calculate client account margin, and if such margin is not provided by the client, the Dealer Member must provide margin against the shortfall, and include the amount as client account margin when calculating its risk adjusted capital.

    3. A Dealer Member must calculate and provide Dealer Member inventory margin for its own positions and indicate the amount as margin on securities owned and sold short when calculating its risk adjusted capital.

    4. In Rules 5200 through 5900, unless stated otherwise, margin rates are expressed as a percentage of the market value of the security or derivative position for which margin is being calculated.

    There is no history log for this rule.

    There is no history log for this rule.