5430. Precious metal certificates and bullion

1. The minimum Dealer Member inventory margin and client account margin requirements for precious metal certificates and bullion are as follows:

   Precious metal investment type	Minimum margin required expressed as a percentage of market value
   Negotiable certificates issued by chartered banks and trust companies authorized to do business in Canada, evidencing an interest in one of gold, platinum or silver	20%
   Gold or silver bullion purchased by a Dealer Member for inventory or on behalf of a client, from the Royal Canadian Mint or a chartered bank that is a market making member or a full member of the London Bullion Market Association	20%

2. The Dealer Member must have a written representation from bullion vendor stating that the bullion are London Bullion Market Association good delivery bars for the bullion to be margin eligible under subsection 5430(1).

5431. - 5439.  Reserved.