piggymouse: (efficientfrontier)
piggymouse ([personal profile] piggymouse) wrote2007-08-22 05:38 pm
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[quote,finance] QotD

Читать медленно, с выражением, закатив глаза.

(e) Exceptions to Rule

The foregoing requirements of this Rule are subject to the following exceptions:

(1) Offsetting Long and Short Positions. — When a security carried in a "long" position is exchangeable or convertible within a reasonable time, without restriction other than the payment of money, into a security carried in a "short" position for the same customer, the margin to be maintained on such positions shall be 10% of the current market value of the "long" securities. When the same security is carried "long" and "short" the margin to be maintained on such positions shall be 5% of the current market value of the "long" securities. In determining such margin requirements "short" positions shall be marked to the market.

Меня больше всего очаровывает "without restriction other than the payment of money".