Nie wszystkie wymienione produkty są dostępne we wszystkich jurysdykcjach.

Adjustment of Perpetual Swap Tiered Maintenance Margin Ratio Schedule

Opublikowano 11 wrz 20192 min czytania

Dear valued customers,

In order to increase the position limit of perpetual swap, enhance the liquidity of the market and minimize market risks, we will adjust the tiered maintenance margin ratio schedule of the perpetual swap market. Details as follow:

A. Adjustment Time

Time

Asset

08:00 - 09:30 Sep 16, 2019 (CEST, UTC+2)

BSV, TRX, ETC

08:00 - 09:30 Sep 17, 2019 (CEST, UTC+2)

BCH, XRP, LTC

08:00 - 09:30 Sep 18, 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

  1. Existing Tiered Maintenance Margin Ratio: https://www.OKX.com/future/swap/position
  2. 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

2000

10000

0.5%

1.0%

ETH

10000

20000

1.0%

2.0%

EOS

10000

20000

1.0%

2.0%

LTC

10000

20000

1.0%

2.0%

BCH

10000

20000

1.0%

2.0%

ETC

10000

10000

1.5%

3.0%

XRP

10000

10000

1.5%

3.0%

TRX

5000

5000

2.0%

5.0%

BSV

5000

5000

2.0%

5.0%

Tier Calculation

Parameters

Formula

Example (BTC)

Max. contracts for a tier

Tier-1 max. open contracts + tiers increased *step size

Tier 3: 2000+2*10000=22000

Maintenance margin ratio for a tier

Basic maintenance margin ratio + tiers increased * 0.5%

Tier 3: 0.5%+2*0.5%=1.5%

Initial margin ratio for a tier

Basic initial margin ratio + tiers increased * 0.5%

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

Sep 11, 2019