1.8 Checking account margin information
No. | Terms | Definitions |
1 | Margin Status | (Equity÷Initial Margin) X 100= [~%] If the account’s Margin Status is below 100%, you will not be able to execute new entry order. If the Margin Status is below 60%, margin call will occur. A fall to 40% will trigger liquidation of all open positions. |
2 | Equity | The Total Sum of the Balance + Floating P/L + Cash Posting + Unrealized P/L + Unrealized Rollover. |
3 | Balance | Total balance of the account. |
4 | Floating P/L | Total P/L of open positions calculated on a mark-to-market basis. Account balance will only be affected when positions are liquidated. Account equity will continuously vary according to market valuation of the open positions. |
5 | Leverage | (All Open Positions x Market Price)÷Equity= [~%] |
6 | Usable init margin (Usable initial margin) | Equity – Initial Margin – Initial Margin on Order Displays unused margin for creating new entry order |
7 | Usable maint margin (Usable maintenance margin) | Equity – Maintenance Margin |
8 | Usable liquid margin (Usable liquidation margin) | Equity –Liquidation Margin. Displays margin for liquidation |
9 | Margin requirement | The account’s margin status: [Normal]: Margin Status above 100% or no open positions. [Initial Margin Warning]: Margin Status between 60% and 100%. [Margin Call]: Margin Status between 40% and 60%. [Negative Balance]: Negative equity status. |
10 | Initial Margin | Initial Margin = (All Open Positions x market price) x 5% Amount for 100% of initial margin requirement If the equity is below this amount, the status of margin requirement will turn to ‘Initial Margin Warning’ status. |
11 | Maint. Mr (Maintenance Margin) | Amount for 60% of initial margin requirement. If the equity is below this amount, the status of margin requirement will turn to ‘Margin Call’ status. |
12 | Liquidation Mr (Liquidation Margin) | Amount for 40% of initial margin requirement. If the equity is below this amount, all open positions will be liquidated. *Please note that calculation of account equity is performed in intervals and discrepancies from actual liquidation level may occur. |
13 | Beginning Equity | Equity level of the previous day at New York Close. |