Article 315-15 into force since 03 January 2018

Where a margin deposit consists of financial instruments, the investment services provider can legally refuse any such instrument that:

1. it considers he would be unable to realise at any time or on his own initiative;

2. it deems will not provide adequate collateral, having regard to the type of position to be collateralised.

In any event, long positions in a given financial instrument cannot be collateralised with the same financial instrument.