Aggregate Indebtedness
Net Capital
Provided, the equity in any such proprietary account shall reduce the deduction required by this paragraph (a)(3)(xiv) if such equity is not otherwise includable in net capital.
Table 1 to § 240.15c 3-1a(b)(2)(i)(A)
Length of time to maturity of credit default swap contract | Basis point spread | |||||
100 or less (%) | 101-300 (%) | 301-400 (%) | 401-500 (%) | 501-699 (%) | 700 or more (%) | |
Less than 12 months | 0.67 | 1.33 | 3.33 | 5.00 | 6.67 | 10.00 |
12 months but less than 24 months | 1.00 | 2.33 | 5.00 | 6.67 | 8.33 | 11.67 |
24 months but less than 36 months | 1.33 | 3.33 | 6.67 | 8.33 | 10.00 | 13.33 |
36 months but less than 48 months | 2.00 | 4.00 | 8.33 | 10.00 | 11.67 | 15.00 |
48 months but less than 60 months | 2.67 | 4.67 | 10.00 | 11.67 | 13.33 | 16.67 |
60 months but less than 72 months | 3.67 | 5.67 | 11.67 | 13.33 | 15.00 | 18.33 |
72 months but less than 84 months | 4.67 | 6.67 | 13.33 | 15.00 | 16.67 | 20.00 |
84 months but less than 120 months | 5.67 | 10.00 | 15.00 | 16.67 | 18.33 | 26.67 |
120 months and longer | 6.67 | 13.33 | 16.67 | 18.33 | 20.00 | 33.33 |
17 C.F.R. §240.15c3-1b
Secs. 15(c)(3), 17(a) and 23(a), 15 U.S.C. 78o(c)(3) , 78q(a) , and 78w(a)