OFFSETS INVOLVING GOVERNMENT DEBT SECURITIES AND RELATED INSTRUMENTS

5611. Government debt securities of same issuer and both maturing within one year 

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    1. Where a Dealer Member or a client:

      1. has a long position in Canada debt securities, United States debt securities, Canada Provincial debt securities or any other debt security described in category (i) or category (ii) of subsection 5210(1), maturing within one year, and

      2. has a short position in debt securities:

        1. issued or guaranteed by the same issuer (provided that for these purposes each of the provinces of Canada shall be regarded as the same issuer as any other province of Canada),

        2. in the same currency as the securities referred to in clause 5611(1)(i), 

        3. maturing within one year, and

        4. with a market value equal to the securities referred to in clause 5611(1)(i),

      3. the two positions may be offset and the minimum margin required for both positions may be computed as the excess of the normal margin required on the long (or short) position over the normal margin required on the short (or long) position.

    There is no history log for this rule.

    There is no history log for this rule.