Margin

Special Margin Stocks

We may reduce the collateral value of securities (reduces marginability) for a variety of reasons, including:

• small market capitalization or small issue size
• low liquidity in the collective primary/secondary exchanges
• involvement in tenders and other corporate action

Changes in marginability are generally considered for a specific security. However, in cases of concerns about the viability or liquidity of a company, marginability reductions will apply to all securities issued by, or related to, the affected company, including bonds, derivatives, depository receipts, etc.

See the section on Decreased Marginability Calculations on the Margin Calculations page for information about large position and position concentration algorithms that may affect the margin rate applied to a given security within an account and may vary between accounts.

Americas

Country	Special Margin Stocks
United States	Listed: 10833
Canada	Listed: 3035
Mexico	Listed: 550

Europe

Country	Special Margin Stocks
Germany	Listed: 1398
United Kingdom	Listed: 2178
France	Listed: 869
Netherlands	Listed: 119
Switzerland	Listed: 430
Belgium	None available at this time
Sweden	Listed: 360
Spain	Listed: 132
Austria	None available at this time
Italy	Listed: 256

Asia

Country	Special Margin Stocks
Australia	Listed: 1851
Japan	None available at this time
Hong Kong	Listed: 1332
India	None available at this time