OFFSETS INVOLVING CONVERTIBLE SECURITIES

5640. Summary reference table

Or jump to a Series:

    1. 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

    2. Other reduced margin offset strategies available for convertible securities:

      1. offset relating to a pending amalgamation, acquisition, spin-off or other securities related reorganization transaction - 5644

    There is no history log for this rule.

    There is no history log for this rule.