-
The minimum Dealer Member inventory margin and client account margin requirements calculated for convertible and exchangeable equity securities may be limited to an overall maximum margin requirement calculated as follows
-
Minimum margin required
Category (i)
Equity security currently convertible into or exchangeable for another security
The sum of :
- the margin required under Rule 5300 for the underlying security,
- plus
- any excess of the market value of the convertible or exchangeable equity security over the market value of the underlying security.
5331. - 5339. Reserved.
There is no history log for this rule.
There is no history log for this rule.