Margin requirement
Мargin trading on the USA equity market
Margin positions control scheme: monitoring collateral adequacy
Long positions: |
Short positions: |
|
---|---|---|
Overnight margin requirements: |
50 % |
50 % |
Intraday margin requirements: |
25 % |
30 % |
Margin-eligible securities
Only securities with market price of at least USD 5.00 are eligible for opening long positions with borrowed funds.
Securities eligible for opening short positions
The list of securities eligible for opening short positions.
Easy to borrow securities list eligible for opening short positions (margin trading) has been updated on 12.07.2016. Up-to-date list is available upon request. Please do not hesitate to contact Capital markets, Brokerage team in case of specific questions related to short selling via email trading@renesource.com or voice desk +371 67 092 732.
Usage of borrowed funds/securities
The annual USD interest rate for usage of borrowed funds/securities is 9%.
Margin trading on Russian equity market
Margin positions control scheme: monitoring margin adequacy
Restrictive margin level: (initial margin level) | Treshold level of margin: (level of the forced closure) |
---|---|
33% |
25% |
Margin level
Portfolio market value = funds + value of securities in the Customer’s portfolio, included into collateral;
Liabilities = cash debt + shorted securities market value (the number of securities * the price of the last trade);
Value of securities in the Customer’s portfolio, included into collateral, may be reduced by discount factor. Values of discount factors are included into the list of collateral eligible securities.
You can receive the list of collateral eligible securities by sending a request to trading@renesource.com
Usage of borrowed funds/securities
The annual RUB interest rate for usage of borrowed funds/securities is 15%.