Canada’s investment industry body hikes spot risk margin rate for USD/CAD

Maria Nikolova

IIROC continues to change FX spot risk margin rates for Canadian and U.S. dollar base currency accounts.

The ongoing market volatility has prompted the Investment Industry Regulatory Organization of Canada (IIROC) to make further amendments to the list of Forex spot risk margin rates for Canadian and U.S. base currency accounts.

Based on the volatility of the Canadian dollar exchange rates, effective April 1, 2020, the following spot risk margin rates apply:

  • U.S. dollar versus Canadian dollar from 1.60% to 3.50%;

Furthermore, based on the volatility of the U.S. dollar exchange rates, effective April 1, 2020, the following spot risk margin rates are implemented:

  • Australian dollar versus U.S. dollar from 3.00% to 5.00%;
  • Swedish krona versus U.S. dollar from 3.00% to 5.00%;
  • Pound sterling versus U.S. dollar from 3.00% to 5.30%;
  • Canadian dollar versus U.S. dollar from 1.60% to 3.50%.

Let’s recall that, several days ago, IIROC implemented changes to the following spot risk margin rates:

  • Japanese yen versus Canadian dollar from 3.00% to 3.70%;
  • Israeli new shekel versus Canadian dollar from 3.00% to 4.30%;
  • Mexican New Peso versus Canadian dollar from 3.00% to 5.50%;
  • Norwegian krone versus Canadian dollar from 3.00% to 5.90%;
  • Norwegian krone versus U.S. dollar from 3.00% to 5.20%;
  • Mexican new peso versus U.S. dollar from 4.90% to 8.90%.

The changes apply until further notice.

The Investment Industry Regulatory Organization of Canada is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. IIROC sets high-quality regulatory and investment industry standards, protects investors and strengthens market integrity while maintaining efficient and competitive capital markets.

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