Series 28: Open Contractual Commitments

Taken from our Series 28 Online Guide

Open Contractual Commitments

Open contractual commitments refer to commitments to buy or sell securities that have not yet settled. They may include firm commitment underwritings and when-issued contracts. They do not generally include options positions.

Haircuts for open contractual commitments apply the percentage specified for that type of security to the market value of each net long and each net short position showin

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