Chapter 26: Opening and Maintaining Institutional Options Accounts

In this section

• Opening Corporate Option Accounts
  Discover essential steps, documents, regulatory guidelines, and best practices for setting up and managing corporate option trading accounts in Canada, focusing on CIRO compliance and seamless implementation of institutional hedging or speculative strategies.
• Opening Option Accounts for Acceptable Institutions
  A comprehensive look at how to open options accounts for banks, insurance companies, and other regulated entities under CIRO guidelines, covering documentation, risk mandates, regulatory frameworks, and best practices.
• Know Your Client (KYC) Rule for Institutional Clients
  Explore the tailored KYC requirements for institutional clients, focusing on legal status, governance, financial checks, AML/ATF compliance, and more.
• Permissible Option Transactions for Pension Plans, Insurance Companies, and Trust Companies in Canada
  Explore how pension plans, insurance companies, and trust companies in Canada can utilize options within permissible regulatory frameworks to hedge risk, generate returns, and fulfill their fiduciary responsibilities.
• Canadian Mutual Funds
  Discover how large Canadian mutual funds navigate derivatives usage and institutional-level services under National Instrument 81-102, with insights on hedging, income strategies, and regulatory compliance.
• Multi-Layer Sign-Offs & Corporate Board Approvals
  Discover how board approvals and multi-layer sign-off structures ensure robust governance and mitigate risks in institutional option trading.
• Additional Documentation (ISDA Protocol for Institutions)
  Learn how ISDA Master Agreements and protocols apply to institutional options accounts, including credit support annexes, fallback provisions, and key Canadian regulatory requirements.
• Asset Managers and Pension Plans: Derivatives Governance
  Explore governance frameworks, compliance guidelines, and risk management best practices for asset managers and pension plans using options and other derivatives.