Series 28: Other Non-Equity Securities

Taken from our Series 28 Online Guide

We have an Audiobook for this text!

Other Non-Equity Securities

For long or short positions in investment grade debt securities, the margin to be maintained is 10% of their current market value. For non-investment grade debt securities the maintenance margin must be 20% of their current market value or 7% of the principal amount, whichever is greater.

+ Read More
More Series 28 Info
What are people saying?
Create an Account

Since you're reading about Series 28: Other Non-Equity Securities, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 28
Please Enable Javascript
to view this content!

Maintenance Margin Requirement for Selected Securities

Type of Security

Maintenance Requirement

Long

Short

Equity securities

25%

30%

Convertible bonds

25%

30%

Investment grade corporate bonds

10% of market value

10% of market value

Non-investment grade debt securities

Greater of 20% of market value or 7% of face value

Greater of 20% of market value or 7% of face value

Treasury bonds

1–6 % of market value, depending on years to maturity
(on net long)

1–6 % of market value, depending on years to maturity
(on net short)

Municipal bonds

7% of current market value