5430. Precious metal certificates and bullion

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    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, ordinary member or associate 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.

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    There is no history log for this rule.