Derivatives
Derivatives Product Policy at Pinetree
| Policy | Content | Note | |
| I. Initial Margin Ratio (IM) | |||
| 1 | IM for VN30 index futures contract | 17% | According to VSDC regulation. |
| II. The margin asset management ratio (AR) | |||
| 2 | Safety Level (Level 1) | 80% | Customers will not be allowed to open new positions if the rate exceeds this safety level. |
| 3 | Margin Call Level (Level 2) | 90% | When exceeding this level, Pinetree will call for additional margin and customers must deposit more money or close their positions for AR rate being lower or equal to level 1 |
| 4 | Force Sell Level (Level 3) | 95% | When exceeding this level, the customer’s account will have a portion of the position closed for AR rate being lower or equal to level 1. |
| 5 | AR after money withdrawal (in case customer account has open position) | 80% | Customers are allowed to withdraw their deposit if after withdrawing, AR does not exceed 80%. |
| III. Position Limit | |||
| 6 | Position Limit for VN30 index futures | Individual Investor: 5000 contract | According to VSDC regulation. |
| Institutional Investor: 10.000 contract | |||
| Professional Investor: 20.000 contract | |||
| IV. Payment of Loss (Variable Margin – VM) | |||
| 7 | Deadline for payment of VM incurred in day T | 9h30 at T+1 (Day T: transaction date that incurred VM loss) |
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| 8 | Interest on advance payment of VM | 150%*Margin interest rate applied at Pinetree (Margin loan interest rates for general customers are as announced by Pinetree from time to time) |
In case the VM loss payment cannot be collected at T+1, Pinetree will continue to process on the following trading days. Interest will be charged on late payment amounts. |
For Fee policy, please check it here.
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