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The following reference table summarizes the basic reduced margin offset strategies available for convertible securities:
Short convertible security
Short underlying security
Long convertible security
currently convertible
- offset available for long and short positions in the same security
currently convertible
- offset available where:
- convertible into the underlying security - 5641(1)(i)
- convertible into the cash equivalent of the unit value of the underlying security - 5641(1)(i) and 5641(1)(ii)
not currently convertible
- offset available for long and short positions in same security
not currently convertible
- 5642(1)
Long underlying security
offset available
- 5643(1)
offset available for long and short positions in the same security
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Other reduced margin offset strategies available for convertible securities:
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offset relating to a pending amalgamation, acquisition, spin-off or other securities related reorganization transaction - 5644
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There is no history log for this rule.
There is no history log for this rule.