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The following reference table summarizes the basic reduced margin offset strategies available for exercisable securities:
Short exercisable security
Short underlying security
Long exercisable security
currently exercisable
- offset available for long and short positions in same security
currently exercisable
- offset available where:
- exercisable security can be exercised into underlying security
- 5661(1)(i) and 5661(1)(ii)
- exercisable security can be exercised into cash equivalent of unit value of underlying security
- 5661(1)(i) through 5661(1)(iii)
not currently exercisable
- offset available for long and short positions in same security
not currently exercisable
- 5662(1)
Long underlying security
offset available
- 5663(1)
offset available for long and short positions in same security
There is no history log for this rule.
There is no history log for this rule.