5562. Margin for long positions

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    1. Subject to subsections 5562(2) and 5562(3), the minimum Dealer Member inventory margin and client account margin required for long positions resulting from purchases of securities trading on a when issued basis that have not been sold subsequently on a when issued basis is the normal margin required for a long position in the security.

    2. Dealer Member inventory margin shall be posted on the trade date of the purchase.

    3. Client account margin shall be posted on the later of the second settlement day after the trade date of the purchase and the date of the issuance or distribution of the security.

    5563. - 5599.  Reserved.

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    There is no history log for this rule.