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Margin Call Intra-day Force Close-out Order Type
Intra-day Force Close-out

   Home > knowledge > What to highlight > Intra-day Force Close-out

1.) In case equity balance (EB) falls below the forced close margin (FM) levels during trading hours, the company may issue a margin call to the client to top up collateral or force close his/her positions in part or in whole to keep the collateral levels to meet the maintenance margin (MM) requirements.

2.) The client must restore the levels back to meet the MM requirements within one hour upon notice by the company, or before the market close, whichever is shorter.

3.) If the client fails to top up collateral or close out his/her positions in part or in whole within the specified period of time, the company will force close his/her positions in part or in whole within that trading day (T).

4.) The client must bear the risk of all loss arisen, which may be higher than the whole amount of collateral placed by the client. The client must pay such amount to the company within the following trading day.


 

 
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