RE:RE:RE:RE:RE:RE:$1.870.22 | 13.33%....sweet
kavern23 wrote: Jaybanks...I think you are interpreting it wrong and you answer confused me.
I think all that it means for a stock to be on a list for egible secuties for reduced margin list is you can actually margin more then normal.
Example:
I think any stock can be margined when stock is over 2 bucks at like 50% borrowing ability.
But when you are on the reduced margin list then you can borrow 70%...even more, lol.
I am fairly sure CJ will be unlocked quickly at 2 bucks for margin...only we can only do 50% and we will have to wait 3-6 months before we can do 70%.
Just to finish this off, your right! We should get 50% Monday if JC holds $2 but it's gonna be a while before we get the bonus 20% margin on CJ and for me on DIV as they have to hit $5... Thank you again.
I found Scotia requirements:
TSX eligible for reduced margin (IIROC) at $5 or greater: Long requirement 30% Short requirement 130%
TSX not eligible for reduced margin at $5 or greater: Long requirement 50% Short requirement 150%
US option eligible at $5 or greater: Long requirement 30% Short requirement 130%
US option not eligible at $5 or greater: Long requirement 50% Short requirement 150%
TSX, NYSE, NASDAQ, AMEX from $2.00 - $4.99: Long requirement 50% Short requirement 150%
All securities from $0.00 - $1.99: Long requirement 100% Short requirement not permitted
Venture, OTC, Pink Sheets, Bulletin Boards, COATES at $0.00 or greater: Long requirement 100% Short requirement not permitted
Please be advised that some exceptions do apply. Sales proceeds are included when margin amount is calculated.