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The minimum Dealer Member inventory margin and client margin requirements for bank paper not in default are as follows:
Term to maturity
Minimum margin required as a percentage of market value
Category (i)
Bank acceptances, deposit certificates, promissory notes and debentures issued by a Canadian chartered bank
Category (ii)
Bank acceptances, deposit certificates, promissory notes issued by a foreign bank with a net worth (capital + reserves) of not less than $200 million
Category (iii)
Canadian and foreign category (i) and (ii) issues and obligations with a market value of 50% or less of par value and with a low current credit rating
Within 1 year
2.00%
x
number of days to maturity
36550.00%
Over 1 to 3 years
6.00%
Over 3 to 7 years
7.00%
Over 7 to 11 years
10.00%
Over 11 years
There is no history log for this rule.