FUTU HK Help Center-What is the Max NV (Nominal Value) to Buy
English
Back
Open Account

What is the Max NV (Nominal Value) to Buy

1. What is the Max NV to Buy (Cash)?

The Max NV to Buy (Cash) is calculated based on the Current Cash Buying Power of your account. It represents the maximum nominal value you can buy without margin financing.

 

2. What is the Max NV to Buy (Margin)?

The Max NV to Buy (Margin) is calculated based on the Max Buying Power of your account. The part of the nominal value exceeding the Max NV to Buy (Cash) may use margin financing provided by Futu HK. However, you may not be able to place an order with a nominal value exceeding the Max NV to Buy (Margin).

Notes: If you have enabled unified buying power, your Cash Plus (MMF) assets will be calculated into the Cash Buying Power and Max Buying Power of your account. For details of unified buying power, please refer to unified buying power.

 

3. Can I use margin financing to buy bonds?

By using stocks and unsettled funds in your Futu HK securities account as collateral, you can borrow funds from Futu HK to buy bonds. Using margin financing involve leverage effect, so clients should have higher risk tolerance level and please carefully consider whether such margin trading is suitable taken into consideration of your own financial position and investment objectives.

 

4. What is the margin rate to buy bonds? How is interest charged?

Margin interest is calculated based on the fund balance after settlement, as normal margin financing business. Funds for buying bonds are settled at T+1 (T refers to the bond transaction date. In the event of a non-trading day, settlement will be postponed to the next trading day). If the fund balance becomes negative after settlement, interest will be started to accrue. 

The margin rate for USD is 4.8% per annum. Interest is accured on a daily basis and interest for a month is deducted at the end of the month. For details of margin rates, please refer to Margin.

 

5. How do I buy bonds by using margin financing?

If the nominal value of an order exceeds the Max NV to Buy (Cash) but not exceeds the Max NV to Buy (Margin), margin financing will be used automatically to cover the excess portion. 

Market Insights

Market Hot Picks Market Hot Picks
Unlock Now

Discussing

中美大降關稅!如何抓住市場交易機會?
中美關稅超預期降溫,市場迎來久違狂歡。5月12日下午,中方公佈中美日內瓦經貿會談聯合聲明,美方取消共計91%的加徵關稅,中方相應取消91%的反制關稅,美方暫停實施24%的「對等關稅」,中方相應暫停實施24%的反制關稅。聲明公佈後,港美股當日應聲暴漲,修復至關稅前水平。13日,特朗 Show More