NFA Summarizes Capital Requirements (with Lofchie Comment)

The attached Appendix A provides a summary of the haircuts required to be taken in computing the capital value of various securities.

Lofchie Comment: Be aware that the summary of the net capital haircuts omits quite a bit of material information. For example, the summary says that the haircut on equities is generally 15% - which is true - but says nothing about the fact that many unlisted or non-U.S. equities receive a 100% haircut.

View Summary here (links externally to NFA website).