5824. Margin relief for guarantee agreements

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    1. For account guarantee agreements entered into in compliance with the requirements of sections 5820 and 5821, the margin required for a client account that is guaranteed by another client may be reduced by any aggregate excess margin in the account of the guarantor.

    2. Subsection 5824(1) notwithstanding, a Dealer Member may only use a client guarantee for margin relief with respect to client accounts directly guaranteed by the guarantor.

    3. Subsection 5824(1) notwithstanding, margin relief is not permitted where a guarantee agreement is not confirmed by the guarantor in response to an annual audit confirmation request in accordance with the requirements set out in subsection 4185(1).

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    There is no history log for this rule.