The minimum Dealer Member inventory margin and client account margin rates (or dollar amounts per share) for unlisted warrants issued by a chartered bank and Canada and United States listed rights and warrants are as follows:
Minimum margin required
Unlisted warrants issued by a Canadian chartered bank entitling the holder to buy securities issued by the Government of Canada or a Canadian province
Canada and United States listed rights and warrants
The lesser of:
- 100% of the market value of the warrant, and
- the margin required for warrant’s underlying security.
5351. - 5359. Reserved.