| Stock Category | Applicable Haircut |
|---|---|
| E | Higher of 15% OR Exchange Margin (VAR + ELM + ADHOC) |
| A | Higher of 20% OR Exchange Margin (VAR + ELM + ADHOC) |
| B | Higher of 30% OR Exchange Margin (VAR + ELM + ADHOC) |
| C | Higher of 45% OR Exchange Margin (VAR + ELM + ADHOC) |
| D | Higher of 60% OR Exchange Margin (VAR + ELM + ADHOC) |
| Z | 100% |