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The minimum Dealer Member inventory margin and client margin requirements for income bonds not in default are as follows:
Minimum margin required expressed as a percentage of market value
Category (i)
Income bonds currently and for the past two years paying interest at the full stated rate
Category (ii)
All other income bonds
10.00%
50.00%
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To qualify under subsection 5226(1), the trust indenture must specify:
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an interest rate, and
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that interest must be paid if earned.
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There is no history log for this rule.
There is no history log for this rule.