Margin requirements.

CFR · 2024-01-01 · US · Title 12

(a) (1) Two percent of the notional value of the retail forex transaction for major currency pairs and 5 percent of (2) For short options, 2 percent for major currency pairs and 5 percent for all other currency pairs of the notional value of the retail forex transaction, plus the premium received by the retail forex customer; or (3) For long options, the full premium charged and received by the FDIC-supervised insured depository institution. (b)(1) (i) Obligations of the United States and obligations fully guaranteed as to principal and interest by the United States; (ii) General obligations of any State or of any political subdivision thereof; (iii) General obligations issued or guaranteed by any enterprise, as defined in 12 U.S.C. 4502(10); (iv) Certificates of deposit issued by an insured depository institution, as defined in § 3(c)(2) of the Federal Deposit Insurance Act (12 U.S.C. 1813(c)(2)); (v) Commercial paper; (vi) Corporate notes or bonds; (vii) General obligations of a sovereign nation; (viii) Interests in money market mutual funds; and (ix) Such other financial instruments as the FDIC deems appropriate. (2) (i) Haircuts for noncash margin collected under this section; and (ii) Annual evaluation, and, if appropriate, modification of the haircuts. (c) (d) (1) Mark the value of the retail forex customer's open retail forex positions to market; (2) Mark the value of the margin collected under this section from the retail forex customer to market; (3) Determine if, ba

official document · source cfr-2024 · id 12:§ 349.21