Download PDF:
IIROC Staff Consultation –Concept Paper on the Feasibility of Portfolio Margining
Letter Summary:
We note that to the extent a new margining methodology could result in excessive leverage, the negative consequences of a severe market downturn on retail clients cannot be overstated. The CAC wishes to respond to the questions in Appendix 1 to the Concept Paper that relate to the use of portfolio margining for determining margin lending limits for certain sophisticated clients as set out below.
Overview of the Council’s Comments:
The Canadian Advocacy Council for Canadian CFA Institute Societies (the CAC) appreciates the opportunity to comment on IIROC’s Concept Paper on the Feasibility of Portfolio Margining asset out in IIROC Notice #12-0275.