Friday August 18 2017
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: Canada
Link: http://www.iiroc.ca/Documents/2017/bf4fa07a-ecd0-445d-a2b6-6a30efaa42db_en.pdf
The Investment Industry Regulatory Organization of Canada (IIROC) has issued a reminder to Dealer Members that, securities against which options issued by the OCC are traded, are eligible for reduced margin as set out in Dealer Member Rules 100.2(f)(vi) and 100.12(a)(ii).
Dealer Members are reminded that for securities that are convertible or exchangeable into securities on the List of Securities Eligible for Reduced Margin (LSERM), margin should be calculated according to Dealer Member Rule 100.21 Maximum margin required for Convertible Securities, which simply adds the conversion loss, if any, to the reduced margin rate.
This list supersedes the most recently issued LSERM, effective September 8, 2017.
Please click on the above link for more information.