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Minimum Holding Period
Minimum Holding Period lets you specify the number of days that the security must be held before it can be sold within that trade file group. Tamarac Trading uses the purchase date of the oldest lot of the security to determine the minimum holding period. This can prevent the sale of a security that would incur a penalty if sold before a minimum holding period.
Minimum Holding Period is different from a redemption fee. You can specify that this fund is exempt from redemption fees by selecting the Exempt from Redemption Fees check box. Redemption fees are set up using Fee Schedules. You can specify whether an account allows redemption fees using the Allow Redemption Fees account-level setting.
For more information on security settings for trade file groups, see Trade File Group Settings.
For more information on maintaining your securities, see Add and Maintain Securities.