IIAC RESPONDS TO IIROC’S MARGIN PROPOSAL FOR STRUCTURED PRODUCTS
The IIAC has commented on IIROC’s proposed margin framework for Principal-protected notes and Principal-at-risk notes. The IIAC supports IIROC’s plans to implement a defined margin framework for these structured products. IIROC’s proposed introduction of a fixed-rate margin methodology will be especially helpful for IIAC members and their clients. The IIAC recommends, however, that IIROC lower the fixed margin rate currently being proposed.
Click here to read the IIAC letter. For more information, please contact Jack Rando.