5468. Client account margin requirements

Or jump to a Series:

    1. The minimum client account margin requirements for foreign exchange positions are the aggregate of the spot risk margin requirement and term risk margin requirement calculated for each position provided that:

      1. Where the positions are held in an account of:

        1. an acceptable institution, no margin is required, or

        2. an acceptable counterparty or a regulated entity, margin is calculated on a mark-to-market basis.

      2. The margin required in respect of foreign exchange positions (excluding cash balances) held in the accounts of clients who are classified as other counterparties, as defined in Form 1, which are denominated in a currency other than the currency of the account, is the aggregate of the security margin requirement and the foreign exchange margin requirement, provided that where the margin rate applicable to the security is greater than the spot risk margin rate, the foreign exchange margin requirement is nil. The sum of the security margin requirement and the foreign exchange margin requirement shall not exceed 100%.

      3. Listed futures contracts are margined in the same manner as prescribed in section 5790.

    There is no history log for this rule.

    There is no history log for this rule.