You need about 27 million VND to trade 1 futures contract (=100,000*17%*Ceiling price of futures/85%). The initial margin rate at our securities brokerage firm is currently 17%. The utilization rate of margin assets = Required initial margin (MR) /Valid margin assets.
TCBS sets thresholds to manage the utilization rate of margin trading and futures trading, which are announced on the TCBS website (https://bit.ly/TCBS-margin-futures-policy).
- Maintenence level (80%): Customers need to maintain their securities collateral usage ratio below this level to ensure safety.
- Warning level (85%): This is the ratio at which TCBS will issue margin calls to customers, when their equity falls at or below this level. The customer has the obligation to supplement valid margin assets.
- Force liquidation level (90%): This is the ratio at which TCBS has the right to take action to handle accounts that violate the margin utilization ratio (including the compulsory closing of positions on the customer’s account when it reaches the intervention threshold).
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