OFFSETS INVOLVING CAPITAL SHARES

5650. Summary reference tables

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    1. The following reference table summarizes the basic reduced margin offset strategies available for capital shares:

       

      Short capital share, with a conversion feature

      Short capital share and short split share preferred share, both with a conversion feature

      Short underlying security

      Long capital share, with a conversion feature

      offset available for long and short positions in same capital share

      offset available for long and short positions in same capital share. Normal margin to be provided on short split share preferred share position

      capital share can be converted into underlying security 

      - 5651(1)(i)

      capital share can be converted into cash equivalent of unit value of underlying security 

      • 5651(1)(i) and 5651(1)(ii)

      Long capital share and long split share preferred share, both with a conversion feature

      offset available for long and short positions in same capital share. Normal margin to be provided on long split share preferred share position

      offset available for long and short positions in same capital share and same split share preferred share

      capital share and split share preferred share can be converted into underlying security 

      - 5652(1)(i)

      capital share and split share preferred share can be converted into cash equivalent of unit value of underlying security 

      • 5652(1)(i) and 5651(2)(ii)

      Long underlying security

      offset available 

      - 5653(1)

      offset available 

      - 5654(1)

      offset available for long and short positions in same underlying security

    2. Other reduced margin offset strategies available for capital shares:

      1. offset involving long capital share and short call option contract positions - 5655

    There is no history log for this rule.

    There is no history log for this rule.