5210. Government issued or guaranteed bonds, debentures, treasury bills, notes and certain other non-commercial securities not in default

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    1. The minimum Dealer Member inventory margin and client account margin requirements for Government issued or guaranteed bonds, debentures, treasury bills, notes and certain other non-commercial securities not in default are as follows:

       


       

      Term to maturity or redemption

      Minimum margin required as a percentage of market value

      Category (i)

      Governments of Canada, United Kingdom, United States and national governments of countries with a high current credit rating

      Category (ii)

      Canadian provincial government, and obligations of the International Bank for Reconstruction and Development

      Category (iii)

      Canadian and United Kingdom municipal corporations

      Less than 1 year

      1.00%
      x
      number of
      days to maturity
      365

      2.00%
      x
      number of
      days to maturity
      365

      3.00%
      x
      number of
      days to maturity
      365

      Greater than or equal to 1 year and less than 3 years

      1.00%

      3.00%

      5.00%

       

      Greater than or equal to 3 years and less than 7 years 2.00% 4.00%
      Greater than or equal to 7 years and less than 11 years 4.00% 5.00%
      Greater than to equal to 11 years
    2. In subsection 5210(1) category (i), a country with a “high current credit rating” is a country that is currently rated Aaa by Moody’s or AAA by S&P Corporation.

    3. In subsection 5210(1) category (ii), British Columbia government guaranteed parity bonds, the margin requirement for a long position must be at least 0.25% of the par value of the bonds.

    4. If a security in subsection 5210(1) is redeemable and the security is called for redemption, the term to maturity is the term to the redemption date.

    There is no history log for this rule.

    There is no history log for this rule.