Eligible Securities as Margin

Kind of negotiable securities(Note3) Member's
Margin
(Note2)
Customer's
Margin
(Note2)
1.Japanese Government bonds issued by the country of Japan
(1)Japanese Government bonds (not including floating rate Japanese Government bonds, book-entry Japanese Government bonds eligible for principal STRIPS (Separate Trading of Registered Interest and Principal of Securities) and book-entry Japanese Government bonds eligible for coupon STRIPS) and treasury discount bills (treasury bills and financing bills) a. Within 1 year to maturity 99% 99%
b. Over 1 year to 5 years to maturity 98% 98%
c. Over 5 years to 10 years to maturity 97% 97%
d. Over 10 years to 20 years to maturity 95% 95%
e. Over 20 years to 30 years to maturity 93% 93%
f. Over 30 years to maturity 93% 93%
(2)Floating rate Japanese Government bonds a. Within 1 year to maturity 99% 99%
b. Over 1 year to 5 years to maturity 97% 97%
c. Over 5 years to 10 years to maturity 95% 95%
d. Over 10 years to 20 years to maturity 99% 99%
(3) Book-entry Japanese Government bonds eligible for STRIPS a. Within 1 year to maturity 99% 99%
b. Over 1 year to 5 years to maturity 98% 98%
c. Over 5 years to 10 years to maturity 97% 97%
d. Over 10 years to 20 years to maturity 94% 94%
e. Over 20 years to 30 years to maturity 91% 91%
f. Over 30 years to maturity 89% 89%
2.Stock (except for stock acquisition right)(Note1) 70% 70%
  • (Note 1) Limited only to those listed on an exchange market within Japan
  • (Note 2) The market price of above eligible securities shall be determined as follows:
    •    For the negotiable securities listed in 1 above:
      • a.   If their reference prices for transactions are published by Japan Securities Dealers Association:
        The average of such prices.
      • b.   If their reference prices for transactions are not published by Japan Securities Dealers Association:
        The closing price quoted on an exchange market within Japan (if they are listed on more than one (1) exchange market within Japan, the exchange market within Japan designated by the Exchange; the same interpretation shall apply hereinbelow)
      • c.   If there is no closing price quoted on the relevant market in the case of b. above:
        The last bid or asked price quoted on the relevant market.
  • (Note 3)  Limited only to those with respect to which the fair market value is available by any one of the ways set forth in Note 2 above.

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