CmaBylaw
Executive Bylaws
9-18 Of Module Eleven: Dealing in Securities
Section: Chapter Nine: Pledge of Securities
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Tuesday, 14 February 2017
If the price of a pledged Security at the Exchange decreases and becomes insufficient for securing the debt, the creditor pledgee may set a date for the pledgor to complete the security (margin call). If the pledgor refuses, and the date set elapses without completing the security, the creditor may sell the Securities in accordance with the provisions of this chapter. This provision shall be applicable in the event that the value of a pledged Investment Portfolio decreases.
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