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The minimum Dealer Member inventory margin and client account margin requirements for commercial residual debt and stripped coupons not in default are as follows:
Term to maturity
Minimum margin required expressed as a percentage of market value
Category (i)
Commercial residual debt and stripped coupons
Category (ii)
Commercial residual debt and stripped coupons where the underlying security has a market value of 50% or less of par value and has a low current credit rating
Within 1 year
4.50%
x
number of days to maturity
36550.00%
Over 1 to 3 years
9.00%
Over 3 to 7 years
10.50%
Over 7 to 11 years
15.00%
Over 11 to 20 years
Over 20 years
30.00%
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In subsection 5223(1), the maturity date of a coupon or other evidence of interest is the interest payment date.
There is no history log for this rule.