|
Debt instruments
| Debt instruments |
Margin required2
|
| Canadian Treasury Bills |
5% |
| Federal bonds (direct or guaranteed) |
10% |
| Provincial, state, and municipal bonds (direct
or guaranteed) |
15% |
| Bonds, commercial/corporate |
20% |
| Convertible bonds/debentures |
25% |
|
Stocks
For instalment receipts, please contact a BMO InvestorLine representative.
| Stocks and warrants |
Margin required2
|
| Value of $5.00 or more and eligible for reduced
margin3 |
30%
|
| Value of $2.00 or more |
50%
|
| Leverage and inverse ETFs |
not eligible for margin
[effective February 4, 2010]
|
|
Short selling margin requirements4
| Listed Stocks |
Margin required2
|
| Value of $5.00 or more and eligible for reduced
margin3 |
130% of market
|
| Value of $2.00 or more |
150%
|
| Value of under $2.00 |
Not available to short
|
|
Mutual funds
| Mutual Funds |
Margin required2
|
| Value of $2.00 or more |
50%
|
| Value under $2.00 |
not eligible for margin
|
|
1 BMO InvestorLine
maintains the right to change margin requirements at anytime without notice.
2 The amount of funds the client must provide.
3 Securities eligible for reduced margin must be included in
the S&P/TSX 60 or S&P 500.
4 Margin requirements fluctuate with the market value of the shorted stock.
|