4505. Forward repo trade confirmations

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    1. A Dealer Member must send the client a confirmation of all forward repo trades on the trade date of the trade agreement.

    2. In addition to the disclosures set out in section 3816, the written confirmation must contain, at a minimum, the:

      1. money or par amount, as applicable,

      2. start date,

      3. end date,

      4. interest rate,

      5. collateral type, and

      6. any substitution rights.

    3. All forward repo trades must be confirmed on the CDSX system.

    There is no history log for this rule.