11 Oct

How buying power in the iCopier sub-account is calculated?

A

How buying power in the iCopier sub-account is calculated?

Purchasing power = Cash in iCopy-sub account  + Receivable amount – Debt 

Where:

  • Receivable amount: after deducting the estimated advance fees according to the current fee schedule
  • Debt: Custody fee debt if holding securities in the securities trading account
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