1. Risk Level
|Conditions||Account Risk Level||Description|
|When you haven't traded on margin or short selling.||safe||Depending on the holding positions, the fewer the holding positions are, the "safer" your account is.|
ELV > IM or you have short positions
|middle||Depending on the leverage ratios, the fewer your leverage ratio is, the "safer" your account is.|
|MCM < ELV < IM|
|It is not possible to open new positions. Please pay careful attention to market changes in case of margin call in your account.|
|ELV < MCM||danger||The account has reached the condition for liquidation, please deposit cash or liquidate positions.|
2. Market Value
The sum of the market value of stocks and securities derivatives in your account.
The total amount of cash in your account, including your own funds and funds derived from short selling stocks. When the cash is negative, it means that you have arrears in your current account.
For example, if your account now holds 100000 cash and you sell short 50, 000 market value stocks, the total cash in your account assets will be 100000 + 50, 000 = 150000.
4. Market Value of Long Postions
The total market value of long stocks and securities derivatives in your account.
5. Market Value of Short Postions
The total market value of short stocks and short securities derivatives in your account, it is negative.
6. Interest Charged Amount
The interest-charged amount is the amount you own after daily settlement. The amount may fluctuate due to deposits, withdrawals, positions change, etc. Please refer to your statement for more details.
For example, if you finance $2,000 to buy stocks:
1) After settlement on transaction date, the interest-charged amount is 0;
2) After settlement on day T+1, the interest-charged amount is 0;
3) After settlement on day T+2, the interest-charged amount is $2000.
That is, after financing, no interest will be generated until settlement completes on day T+2.
Following the example above, if you sell these stocks on day T+2, then:
1) After settlement on day T+2, the interest-charged amount is 2000;
2) After settlement on day T+3, the interest-charged amount is 2000;
3) After settlement on day T+4, the interest-charged amount is 0.
That is, after you close out the positions you bought through financing, interest will still be calculated before settlement completes. If you repay by depositing money, no interest will be calculated after funds arrive.
7. Maximum Buying Power
Maximum buying power represents the amount that can be used in your account when buying securities with the smallest margin ratio.
The margin ratio for different securities may vary.
8. Maximum Short Selling
The maximum Short Selling of your remaining margin trading. The maximum short selling only represents the maximum power of short selling stocks, and the actual purchasing power of different stocks may be less than the maximum short selling.
9. Funds on hold
The frozen funds include:
Frozen amount of pending order: the funds frozen by the pending purchase order.
Expense withholding: unsettled withholding transaction fees and margin interest
The frozen funds will take up part of the purchasing power of the account.
10. Marging Requirement
If you have a position in a financable stock, there will be a corresponding margin requirement, depending on the margin rate of the stock itself, which can be found on the stock details page.
11. Marging Call Amount
When your account triggers a "margin call" status, Margin-call amount means the least cash you need to deposit in your account. After depositing sufficient cash, your account will return to a safe status.
12. Withdrawal Amount
The amount of cash that can be withdrawn from your account. The unsettled amount in your account will affect this value.
For example, US market adopts T+2 settlement cycle, which means that the settlement can only be completed on the second trading day after the transaction occurs.
1) Your account has $50,000 cash on the transaction date (T).
2) You bought $20,000 of stocks on day T-1 and $10,000 of stocks on day T. The amount to be settled on day T+1 is $20,000, and the amount to be settled on day T+2 is $10,000.
Then, in order to avoid settlement defaults in the next two trading days, your withdrawable cash today is 50,000 - 20,000 - 10,000 = $20,000.
13. Max Withdrawal Amount
The maximum amount of funds currently available from the securities account includes part of the financing amount and the unsettle amount.