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MARGIN REQUIREMENTS AND TRADING LIMITS APPLICABLE FOR DERIVATIVES TRADING
MARGIN REQUIREMENTS AND TRADING LIMITS APPLICABLE FOR DERIVATIVES TRADING
A. FOR LOCAL INDIVIDUAL CLIENTS AND LOCAL INSTITUTIONAL CLIENTS I. Margin requirements and trading limits for Index Future Contracts NO.
Đấu giá mới nhất
A. FOR LOCAL INDIVIDUAL CLIENTS AND LOCAL INSTITUTIONAL CLIENTS
I. Margin requirements and trading limits for Index Future Contracts
| NO. | CONTENTS |
LEVEL
(For Local Clients)
|
NOTES |
| 1 | Trade margin rate | 17% | |
| 2 | Spread margin ratio | 17% | |
| 3 | Minimum margin value/1 contract | 22.309.440 vnd | |
| 4 | Scale ratio to underlying asset | 1 | |
| 5 | Pricce correlation ratio of underlying assets in the same Product Group | 1 | |
| 6 | Trading limit ratio on total value of the valid margin (Level 1) | 75% | |
| 7 | Ratio for use of maintained margin (Level 2) | 85% |
When the Margin Use Ratio is more than Level 2 and les than Level 3, the Client will receive notification recommending to deposit money or close part of derivatives positions.
|
| 8 | Ratio for use of settlement margin (Level 3) | 90% |
Right after the Margin Use Ratio is more than or equal to Level 3, SSI will automatically transfer deposit from Derivatives trading account to VSD of from VSD to Derivatives trading account and/or force to close position to maintain the Margin Use Ratio at Level 1
|
| 9 | Position limit for individual clients | 5.000 contracts | |
| 10 | Position limit for institutional clients | 10.000 contracts | |
| 11 | Position limit for professional clients | 20.000 contracts |
II. Margin requirements and trading limits for Government Bond Future Contracts:
| NO. | CONTENTS |
LEVEL
(For Local Clients)
|
NOTES |
| 1 | Trade margin rate | 2.5% | |
| 2 | Spread margin ratio | 2.5% | |
| 3 | Minimum margin value/1 contract | 32.072.500 vnd | |
| 4 | Scale ratio to underlying asset | 1 | |
| 5 | Pricce correlation ratio of underlying assets in the same Product Group | 1 | |
| 6 | Margin ratio to perform contract from day E-3 | 5% | |
| 7 | Margin ratio to perform contract from day E-1 | 8% | |
| 8 | Trading limit ratio on total value of the valid margin (Level 1) | 75% | |
| 9 | Ratio for use of maintained margin (Level 2) | 85% | When the Margin Use Ratio is more than Level 2 and les than Level 3, the Client will receive notification recommending to deposit money or close part of derivatives positions. |
| 10 | Ratio for use of settlement margin (Level 3) | 90% | Right after the Margin Use Ratio is more than or equal to Level 3, SSI will automatically transfer deposit from Derivatives trading account to VSD of from VSD to Derivatives trading account and/or force to close position to maintain the Margin Use Ratio at Level 1 |
| 11 | Deadline for bond payment to perform contract (account holds short position) | Day E-1 | After this period, SSI will close the positon corresponding to outstanding bond. In case of failure to close position, the Contract is considered insolvent and the Client must pay compensation as specified in Section 13. |
| 12 | Deadline for cash payment to perform contract (account holds long position | Before 3pm on day E | After this period, if the account does not have enough cash to pay, the entire contract is considered insolvent, and client must pay compensation as specified in Section 13. |
| 13 | Conpensation due to insolvency to perform contract | 5% x FSP x multiplier of contract x Number of insolvency contracts | FSP: Final settlement price |
| Position limit for 5-year Government Bond Futures Contracts | |||
| 14 | Position limit for institutional clients | 5.000 contracts | |
| 15 | Position limit for professtional clients | 10.000 contracts | |
| Position limit for 10-year Government Bond Futures Contracts | |||
| 16 | Position limit for institutional clients | 5.000 contracts | |
| 17 | Position limit for professtional clients | 3.000 contracts | |
| 18 | Position limit for institutional professtional clients | 10.000 contracts | |
B. FOR FOREIGN INDIVIDUAL CLIENTS AND FOREIGN INSTITUTIONAL CLIENTS
I. Margin requirements and trading limits for Index Future Contracts
| NO. | CONTENTS |
LEVEL
(For Foreign Clients)
|
NOTES |
| 1 | Trade margin rate | 17% | |
| 2 | Spread margin ratio | 17% | |
| 3 | Minimum margin value/1 contract | 22.309.440 vnd | |
| 4 | Scale ratio to underlying asset | 1 | |
| 5 | Pricce correlation ratio of underlying assets in the same Product Group | 1 | |
| 6 | Trading limit ratio on total value of the valid margin (Level 1) | 75% | |
| 7 | Ratio for use of maintained margin (Level 2) | 80% |
When the Margin Use Ratio is more than Level 2 and les than Level 3, the Client will receive notification recommending to deposit money or close part of derivatives positions.
|
| 8 | Ratio for use of settlement margin (Level 3) | 85% |
Right after the Margin Use Ratio is more than or equal to Level 3, SSI will automatically transfer deposit from Derivatives trading account to VSD of from VSD to Derivatives trading account and/or force to close position to maintain the Margin Use Ratio at Level 1
|
| 9 | Position limit for individual clients | 5.000 contracts | |
| 10 | Position limit for institutional clients | 10.000 contracts | |
| 11 | Position limit for professional clients | 20.000 contracts |
II. Margin requirements and trading limits for Government Bond Future Contracts:
| NO. | CONTENTS |
LEVEL
(For Foreign Clients)
|
NOTES |
| 1 | Trade margin rate | 2.5% | |
| 2 | Spread margin ratio | 2.5% | |
| 3 | Minimum margin value/1 contract | 32.072.500 vnd | |
| 4 | Scale ratio to underlying asset | 1 | |
| 5 | Pricce correlation ratio of underlying assets in the same Product Group | 1 | |
| 6 | Margin ratio to perform contract from day E-3 | 5% | |
| 7 | Margin ratio to perform contract from day E-1 | 8% | |
| 8 | Trading limit ratio on total value of the valid margin (Level 1) | 75% | |
| 9 | Ratio for use of maintained margin (Level 2) | 80% | When the Margin Use Ratio is more than Level 2 and les than Level 3, the Client will receive notification recommending to deposit money or close part of derivatives positions. |
| 10 | Ratio for use of settlement margin (Level 3) | 85% | Right after the Margin Use Ratio is more than or equal to Level 3, SSI will automatically transfer deposit from Derivatives trading account to VSD of from VSD to Derivatives trading account and/or force to close position to maintain the Margin Use Ratio at Level 1 |
| 11 | Deadline for bond payment to perform contract (account holds short position) | Day E-1 | After this period, SSI will close the positon corresponding to outstanding bond. In case of failure to close position, the Contract is considered insolvent and the Client must pay compensation as specified in Section 13. |
| 12 | Deadline for cash payment to perform contract (account holds long position | Before 3pm on day E | After this period, if the account does not have enough cash to pay, the entire contract is considered insolvent, and client must pay compensation as specified in Section 13. |
| 13 | Conpensation due to insolvency to perform contract | 5% x FSP x multiplier of contract x Number of insolvency contracts | FSP: Final settlement price |
| Position limit for 5-year Government Bond Futures Contracts | |||
| 14 | Position limit for institutional clients | 5.000 contracts | |
| 15 | Position limit for professtional clients | 10.000 contracts | |
| Position limit for 10-year Government Bond Futures Contracts | |||
| 16 | Position limit for institutional clients | 5.000 contracts | |
| 17 | Position limit for professtional clients | 3.000 contracts | |
| 18 | Position limit for institutional professtional clients | 10.000 contracts | |
Note:
- Day E: The last trading day of Government Bond Future Contract
- SSI can change the key information from time to time
Effective date: 05/05/2025
