5501. Introduction

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    1. Rule 5500 covers Dealer Member inventory margin requirements for underwriting commitments and offsets involving underwriting commitments and Dealer Member inventory margin and client account margin requirements for when issued trading positions. The order of subjects in Rule 5500 is:

      1. underwriting commitment amount [section 5510]

      2. margin requirements for underwriting commitments:

        1. where a new issue letter has not been obtained  [section 5520],

        2. where a new issue letter has been obtained [section 5521],

        3. where expressions of interest from exempt purchasers have been received [section 5522],

        4. alternative approach to margining private placements of restricted equity securities [section 5523],

        5. standby commitment to purchase securities under a rights offering [section 5524],

      3. underwriting related agreements [section 5530],

      4. individual and overall underwriting concentration charges [sections 5540 and 5541],

      5. specific offset strategies involving commitments to purchase [sections 5550 through 5552],and

      6. margin requirements for when issued trading positions [sections 5560 through 5562].

    5502. - 5509.  Reserved.

    There is no history log for this rule.

    There is no history log for this rule.