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1.) In case equity balance (EB) falls below
the maintenance margin (MM) requirements, but stays above
the forced close margin (FM) levels, the
client is not allowed to open a new contract position
and is required to top up collateral to restore it back
to the initial margin (IM) requirements by 15:00 hrs of
the following trading day (T+1) |
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2.) If the client fails to top up collateral within
the specified period of time, the company will force
close their positions in part or in whole by 1045
hrs of the next trading day (T+2) to maintain their
collateral levels to meet the initial margin (IM)
requirements, which are calculated at the end of T
or T+1, whichever is higher.
3.) The client must bear the risk of the possible
loss, 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.
4.) If the value of the collateral on T+1 rises until
the value of force closeout narrows, the company will
use the amount at the end of T+1 to force close the
positions on T+2, but the client is required to top
up collateral equal to the reduced amount of the force
closeout value on T+2, or otherwise the client may
not be allowed to create new positions.
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| Example 1
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End of Day (T):
Margin call amount of the day is Bt 180,000.
Day T+1: Customer
does not add more money or close some / all
positions
End of Day (T+1):
The Margin call amount increase to Bt 240,000.
Day T+2: The
force closeout amount shall be Bt 240,000, to
be done by 10:45 hrs.
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| Example 2
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End of Day (T)
: Margin call amount the day is for Bt
180,000.
Day T+1 :
Customer does not add more money or close some/all
positions
End of Day (T+1):
The margin call amount decrease to Bt80,000.
Day T+2: The
force closeout amount shall be Bt 80,000, to
be done by 10:45 hrs. A margin top-up of Bt
100,000 is still required by Day T+2, otherwise
opening new position would not be allowed.
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