All futures contracts require initial margin. Generally, we adhere to the margin requirement prescribed by the exchanges which is usually about 5% to 10% of the contract value with maintenance margin at about 80%. The margins are subject to change without prior notice, depending on market volatility.
Margin call
There will be a margin call when the amount in the account falls below the maintenance margin requirements. You may make use of either or a combination of the following methods to fulfil the margin call:
1) Bring in new funds by the next market day to top up to initial margin levels and maintain your positions.
2) Liquidate some or all your positions to satisfy the margin call. Margin calls are considered satisfied upon end-day settlement (i.e. next trading day).
New positions cannot be initiated until the margin call is fulfilled.
If margin calls are not satisfied, OCBC Securities reserves the right to liquidate some or all of your open positions.
Even if no margin calls are made, OCBC Securities reserve the right to liquidate your open positions if the equity in your account falls below 30% of the initial margin requirements of all your open positions, where equity is calculated by:
Equity = Value of all initial margin + Unrealised profit of all open positions - Unrealised loss of all open positions
Unrealised profit or unrealised loss of all your open positions shall be determined by OCBC Securities' sole discretion, with reference to the then-prevailing bid, offer or last transacted price of the contract.
LEVERAGED FUTURES TRADING
Diversify your portfolio by trading in the global futures market
For local application
Apply at OCBC Securities with these supporting documents
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For Singaporeans and Permanent Residents:
- NRIC/SAF/SPF ID and Passport
For Malaysians:
- IC and Singapore Residence Pass (e.g. Employment pass) if applicable
For Foreigners:
- Valid Passport and Singapore Residence Pass (e.g. Employment pass) if applicable
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Bring the original or electronic copy of any of the following documents relflecting your name and address:
- Phone bill
- Bank statement
- Income tax statement
- CPF statement
- CDP statement
Note: Document(s) must be dated no older than 3 months from date of application. If your mailing address is different from your residential address, please provide one document for each address.
For overseas application
Mail in the completed application forms with copies of:
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For retail customers:
- Please email futuresdesk2@ocbc.com for the application form.
- For trading in the US Market: W8BEN form
- Service agreement
For corporate customers:
- Please email futuresdesk2@ocbc.com for the application form.
- For trading in the US Market: W8BEN-E form
- Service agreement
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Provide a copy of your identification:
Bring your ID and and our application form to any of the authorised parties below to:
1. Witness your signature on the form
2. Certify true copy of your ID
Authorised Parties- Notary Public
- Advocates & Solicitors
- Singapore Embassy
For Singaporeans and Permanent Residents:- NRIC/SAF/SPF ID and Passport
For Malaysians:
- IC and Singapore Residence Pass (e.g. Employment pass) if applicable
For Foreigners:
- Valid Passport and SIngapore Residence Pass (e.g. Employment pass) if applicable
-
Provide us with the original or electronic copy of any of the following documents relflecting your name and address:
- Phone bill
- Bank statement
- Income tax statement
Note: Document(s) must be dated no older than 3 months from date of application. If your mailing address is different from your residential address, please provide one document for each address.
-
Mail it to us
OCBC Securities Private Limited
18 Church Street #01-00,
OCBC Centre South,
Singapore 049479
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Explore the world of futures trading with us
or email us at futuresdesk2@ocbc.com for a demo account