Indices & Financials Margins
The margin can be derived by multiplying the price level of the index or commodity with its point value (see our contract specifications table). This total is the contract value to which the leverage is applied. Then the total is converted into the account’s currency (with the current exchange rate).
Close-out level for client accounts is set at 50%
SwissCayTrader Platform will display the exact margin requirement for each position that clients intend to open.
Please find below the Used Margin thresholds for customers with SwissCayTrader platform. If the used margin in client’s accounts exceeds the thresholds set below, the respective coefficient will be applied to the leverage for each of the trading instruments, for the part of the position exceeding the threshold itself.
| Used Margin EUR | Coefficient |
|---|---|
| 300k – 600k | 0.5 |
| >600k | 0.25 |
| Used Margin USD and CHF | Coefficient |
|---|---|
| 360k – 720k | 0.5 |
| >720k | 0.25 |
| Used Margin GBP | Coefficient |
|---|---|
| 260k – 520k | 0.5 |
| >520k | 0.25 |
Example:
A client with EUR account and leverage 1:200 has Long position for 420 lots EURUSD.
Margin requirement for this position is 290 000 EUR
- 150 000 EUR for the first 300 lots with 1:200 leverage
- 100 000 EUR for the next 100 lots with 1:100 leverage
- 40 000 EUR for the final 20 lots with 1:50 leverage
The next trade Buy 20 lots EURUSD will consume 70 000 EUR margin
- 10 000 EUR for the first 5 lots – bringing the Used margin to 300 000 EUR
- 60 000 EUR for the next 15 lots – leverage 1:25 (coefficient 0.5 applied to 1:50 leverage)
A client can have positions in different instruments that again bring the used margin above the thresholds
specified.
A client with EUR account and leverage 1:200 has Long position for 120 lots Ger30 (at price 13000)
and Short position in GOLD for 40 lots (at price 1770).
Total used margin requirement is 290 000 EUR
- 130 000 EUR for Long position for the first 80 lots in Ger30 at 1:200 leverage
- 130 000 EUR for Long position for the final 40 lots in Ger30 at 1:100 leverage
- 35 400 USD Short position in GOLD for 40 lots at 1:200 leverage (30 000 EUR at EURUSD = 1.1800)
The next trade Buy 40 lots EURUSD will consume 30 000 EUR margin
- 10 000 EUR for the first 20 lots at leverage 1:200 – bringing the Used margin to 300 000 EUR
- 20 000 EUR for the next 20 lots – leverage 1:100 (coefficient 0.5 applied to 1:200 leverage)
If a client has more than 1 account, the Used margin thresholds are reduced proportionately to the number of
accounts. Thus a client with 2 accounts in EUR will have Used margin EUR threshold for each of the accounts reduced
by half.
SwissCayTrader Platform will display the exact margin requirement for each position that clients intend to open.
Long positions held overnight will be debited with swaps, calculated based on 1-month interbank rate plus 2 %.
Short positions held overnight will be credited with swaps, calculated based on 1-month interbank rate minus 2%.
In case 1-month rate is less than 2%, short positions will be debited with the resulting swap calculation.
Please note that the Cash indices may be subject to dividend adjustments in order to reflect the cash payments of the constituent stocks within the index. These payments cause the value of the index to drop as its price is calculated from the value of the stocks within it.
The dividend adjustments will be applied 1 hour before the market open on the ex-dividend date in order to take into account the downward price movement of the underlying cash index. We will apply Dividend points as estimated by Bloomberg, rounded to the nearest hundredth, and recalculate the amount on a standard Lot (Contract) basis.
The dividend adjustments will be positive for clients holding long positions and negative for those holding short. The calendar with the expected daily adjustments will be published in the Dividend Adjustments section on our timetable page.
The margin requirement for CFDs is variable and depends on two factors: (1) the chosen account leverage and (2) the contract value of the CFD. The initial margin is determined at the time the position is opened.
The margin can be derived by multiplying the price level of the index or commodity with its point value (see our contract specifications table). This total is the contract value to which the leverage is applied. Then the total is converted into the account’s currency (with the current exchange rate).
Close-out level for client accounts is set at 50%
Please note that for customers carrying larger net positions on the above instruments, we reserve the right to multiply the above margin requirements as follows:
| 100-250 LOTS | > 250 LOTS |
|---|---|
| X2 | X4 |
| 10-25 LOTS | > 25 LOTS |
|---|---|
| X2 | X4 |
(*) Applicable 1 hour before the closing.
SwissCayTrades reserves the right to change margins at any times following market conditions.
Please note, different margins apply to institutional clients.
Margins are calculated mark-to-market. The margins presented on this page are for information purposes only and based on the closing prices of the previous trading day.
Long positions held overnight will be debited with swaps, calculated based on 1-month interbank rate plus 2 %.
Short positions held overnight will be credited with swaps, calculated based on 1-month interbank rate minus 2%.
In case 1-month rate is less than 2%, short positions will be debited with the resulting swap calculation.
Please note that the Cash indices may be subject to dividend adjustments in order to reflect the cash payments of the constituent stocks within the index. These payments cause the value of the index to drop as its price is calculated from the value of the stocks within it.
The dividend adjustments will be applied 1 hour before the market open on the ex-dividend date in order to take into account the downward price movement of the underlying cash index. We will apply Dividend points as estimated by Bloomberg, rounded to the nearest hundredth, and recalculate the amount on a standard Lot (Contract) basis.
The dividend adjustments will be positive for clients holding long positions and negative for those holding short. The calendar with the expected daily adjustments will be published in the Dividend Adjustments section on our timetable page.
The margin requirement for CFDs is variable and depends on two factors: (1) the chosen account leverage and (2) the contract value of the CFD. The initial margin is determined at the time the position is opened.
The margin can be derived by multiplying the price level of the index or commodity with its point value (see our contract specifications table). This total is the contract value to which the leverage is applied. Then the total is converted into the account’s currency (with the current exchange rate).
Close-out level for client accounts is set at 50%
Please note that for customers carrying larger net positions on the above instruments, we reserve the right to multiply the above margin requirements as follows:
| 100-250 LOTS | > 250 LOTS |
|---|---|
| X2 | X4 |
| 10-25 LOTS | > 25 LOTS |
|---|---|
| X2 | X4 |
(*) Applicable 1 hour before the closing.
SwissCayTrades reserves the right to change margins at any times following market conditions.
Please note, different margins apply to institutional clients.
Margins are calculated mark-to-market. The margins presented on this page are for information purposes only and based on the closing prices of the previous trading day.
Long positions held overnight will be debited with swaps, calculated based on 1-month interbank rate plus 2 %.
Short positions held overnight will be credited with swaps, calculated based on 1-month interbank rate minus 2%.
In case 1-month rate is less than 2%, short positions will be debited with the resulting swap calculation.
Please note that the Cash indices may be subject to dividend adjustments in order to reflect the cash payments of the constituent stocks within the index. These payments cause the value of the index to drop as its price is calculated from the value of the stocks within it.
The dividend adjustments will be applied 1 hour before the market open on the ex-dividend date in order to take into account the downward price movement of the underlying cash index. We will apply Dividend points as estimated by Bloomberg, rounded to the nearest hundredth, and recalculate the amount on a standard Lot (Contract) basis.
The dividend adjustments will be positive for clients holding long positions and negative for those holding short. The calendar with the expected daily adjustments will be published in the Dividend Adjustments section on our timetable page.
The margin can be derived by multiplying the price level of the index or commodity with its point value (see our contract specifications table). This total is the contract value to which the leverage is applied. Then the total is converted into the account’s currency (with the current exchange rate).
Close-out level for client accounts is set at 50%
SwissCayTrader Platform will display the exact margin requirement for each position that clients intend to open.
Please find below the Used Margin thresholds for customers with SwissCayTrader platform. If the used margin in client’s accounts exceeds the thresholds set below, the respective coefficient will be applied to the leverage for each of the trading instruments, for the part of the position exceeding the threshold itself.
| Used Margin EUR | Coefficient |
|---|---|
| 300k – 600k | 0.5 |
| >600k | 0.25 |
| Used Margin USD and CHF | Coefficient |
|---|---|
| 360k – 720k | 0.5 |
| >720k | 0.25 |
| Used Margin GBP | Coefficient |
|---|---|
| 260k – 520k | 0.5 |
| >520k | 0.25 |
Example:
A client with EUR account and leverage 1:200 has Long position for 420 lots EURUSD.
Margin requirement for this position is 290 000 EUR
- 150 000 EUR for the first 300 lots with 1:200 leverage
- 100 000 EUR for the next 100 lots with 1:100 leverage
- 40 000 EUR for the final 20 lots with 1:50 leverage
The next trade Buy 20 lots EURUSD will consume 70 000 EUR margin
- 10 000 EUR for the first 5 lots – bringing the Used margin to 300 000 EUR
- 60 000 EUR for the next 15 lots – leverage 1:25 (coefficient 0.5 applied to 1:50 leverage)
A client can have positions in different instruments that again bring the used margin above the thresholds
specified.
A client with EUR account and leverage 1:200 has Long position for 120 lots Ger30 (at price 13000)
and Short position in GOLD for 40 lots (at price 1770).
Total used margin requirement is 290 000 EUR
- 130 000 EUR for Long position for the first 80 lots in Ger30 at 1:200 leverage
- 130 000 EUR for Long position for the final 40 lots in Ger30 at 1:100 leverage
- 35 400 USD Short position in GOLD for 40 lots at 1:200 leverage (30 000 EUR at EURUSD = 1.1800)
The next trade Buy 40 lots EURUSD will consume 30 000 EUR margin
- 10 000 EUR for the first 20 lots at leverage 1:200 – bringing the Used margin to 300 000 EUR
- 20 000 EUR for the next 20 lots – leverage 1:100 (coefficient 0.5 applied to 1:200 leverage)
If a client has more than 1 account, the Used margin thresholds are reduced proportionately to the number of
accounts. Thus a client with 2 accounts in EUR will have Used margin EUR threshold for each of the accounts reduced
by half.
SwissCayTrader Platform will display the exact margin requirement for each position that clients intend to open.
Long positions held overnight will be debited with swaps, calculated based on 1-month interbank rate plus 2 %.
Short positions held overnight will be credited with swaps, calculated based on 1-month interbank rate minus 2%.
In case 1-month rate is less than 2%, short positions will be debited with the resulting swap calculation.
Please note that the Cash indices may be subject to dividend adjustments in order to reflect the cash payments of the constituent stocks within the index. These payments cause the value of the index to drop as its price is calculated from the value of the stocks within it.
The dividend adjustments will be applied 1 hour before the market open on the ex-dividend date in order to take into account the downward price movement of the underlying cash index. We will apply Dividend points as estimated by Bloomberg, rounded to the nearest hundredth, and recalculate the amount on a standard Lot (Contract) basis.
The dividend adjustments will be positive for clients holding long positions and negative for those holding short. The calendar with the expected daily adjustments will be published in the Dividend Adjustments section on our timetable page.
