Adjustment of Perpetual Swap Tiered Maintenance Margin Ratio Schedule
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
- Existing Tiered Maintenance Margin Ratio: https://www.OKX.com/future/swap/position
- 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