Adjustment of Futures Tiered Maintenance Margin Ratio Schedule
Dear valued customers,
In order to enhance the liquidity of the market and minimize market risks, we will adjust the tiered maintenance margin ratio schedule of the futures market. Details as follow:
A. Adjustment Time
|
Time |
Time |
|
09:00 – 10:30 Oct 22, 2019 (CEST, UTC+2) |
BSV, TRX, ETC |
|
09:00 – 10:30 Oct 23, 2019 (CEST, UTC+2) |
BCH, XRP, LTC |
|
09:00 – 10:30 Oct 24, 2019 (CEST, UTC+2) |
BTC, EOS, ETH |
NOTE: If a volatile market condition takes place during the scheduled time, the adjustment may be postponed. Details will be further announced if a postponement happens.
B. Adjustment Details
- Existing Tiered Maintenance Margin Ratio: https://www.OKX.me/future/trade/position
- The maximum number of contracts, maintenance margin ratio, and the highest leverage available for a tier can be calculated by the parameters and formula shown below.
The new tiered maintenance margin ratio schedule after adjustment:
|
Asset |
Tier-1 max. open contracts |
Step size to next tier (contracts) |
Basic maintenance margin ratio |
Basic initial margin ratio |
|
BTC |
2,000 |
20,000 |
0.50% |
1.00% |
|
ETH |
10,000 |
50,000 |
1.00% |
2.00% |
|
EOS |
10,000 |
50,000 |
1.00% |
2.00% |
|
LTC |
10,000 |
20,000 |
1.00% |
2.00% |
|
BCH |
10,000 |
20,000 |
1.00% |
2.00% |
|
ETC |
20,000 |
20,000 |
1.50% |
3.00% |
|
XRP |
20,000 |
20,000 |
1.50% |
3.00% |
|
TRX |
10,000 |
10,000 |
2.00% |
5.00% |
|
BSV |
10,000 |
10,000 |
2.00% |
5.00% |
Tier Calculation
|
Parameters |
Formula |
Example (BTC) |
|
Max. contracts for a tier |
Tier-1 max. open contracts + tiers increased *step size |
Tier 3: 2000+2*20000=42000 |
|
Maintenance margin ratio for a tier |
Basic maintenance margin ratio + tiers increased * maintenance margin ratio increased |
Tier 3: 0.5%+2*0.5%=1.5% |
|
Initial margin ratio for a tier |
Basic initial margin ratio + tiers increased * initial margin ratio increased |
Tier 3: 1.0%+2*0.5%=2.0% |
|
Max. leverage level for a tier |
1 / initial margin ratio of the tier |
Tier 3: 1 / 2.0%=50.00 |
*The step size for maintenance margin ratio and initial margin ratio are 0.5%. The maintenance margin ratio of the maximum tier for all assets is 50%.
C. Risk Reminder
Due to the recent market volatility, the maintenance margin ratio and available leverage level of your position may vary from the existing requirements after the adjustment. Please make sure you read through the adjustment details below and fully understand the changes in your position’s maintenance margin ratio caused by the adjustment. For positions of higher risks, it is recommended to minimize forced-liquidation risk by closing or reducing the positions or adding margin.
Thank you for your support and we assure you of our best services at all times.
Regards,
OKX
Oct 16, 2019