5601. Introduction

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    1. Rule 5600 addresses the margin treatment of security positions that comprise reduced-risk offset strategies. The margin requirements for these strategies are generally less than if the positions are margined separately. Reduced margin in some cases is available for both Dealer Member inventory and client account offset strategies and in other cases is available for only Dealer Member inventory offset strategies. 

    2. The order of subjects in Rule 5600 is:

      1. Dealer Member inventory and client account offset strategies involving:

        1. debt securities:

          1. government debt securities [sections 5610 through 5618],

          2. commercial and corporate debt securities [sections 5620 through 5624], and

          3. government debt securities and commercial and corporate debt securities [sections 5630 through 5631],

        2. convertible and exercisable securities:

          1. convertible securities [sections 5640 through 5644],

          2. capital shares [sections 5650 to 5655], and

          3. warrants, rights, installment receipts and other exercisable securities [sections 5660 through 5663], 

        3. and

      2. offsets only available for Dealer Member inventory positions:

        1. debt securities [sections 5670 through 5671], and

        2. swap positions [section 5680 through 5682].

    5602. - 5609.  Reserved.

    There is no history log for this rule.

    There is no history log for this rule.