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5226. Commercial and corporate income bonds not in default

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Series 5000: Dealer Member Margin Rules
    Rule

    1. 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%

    2. To qualify under subsection 5226(1), the trust indenture must specify:

      1. an interest rate, and

      2. that interest must be paid if earned.

    Guidance/Notices

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    History

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    Disciplinary History
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      Jump to another section in Rule 5200
      5201. Introduction
      5210. Government issued or guaranteed bonds, debentures, treasury bills, notes and certain other non-commercial securities not in default
      5211. Government residual debt and stripped coupons not in default
      5212. Government floating rate debt obligations
      5213. Government mortgage-backed securities
      5214. Other non-commercial issuers not qualifying under sections 5210 through 5212
      5220. Commercial and corporate bonds, debentures, notes and other securities not in default
      5221. Convertible commercial and corporate bonds, debentures, notes and other securities not in default
      5222. Bank paper not in default
      5223. Commercial residual debt and stripped coupons not in default
      5224. Convertible commercial residual debt not in default
      5225. Commercial and corporate floating rate debt obligations not in default
      5227. Commercial and corporate mortgage-backed securities
      5230. Debt securities in default
      5240. Circumstances under which debt margin surcharge is imposed
      5241. Determining debt margin surcharge
      5250. Mortgages

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