Our Margin Trading facility enables you to trade in foreign currencies using your deposit account with the bank as collateral. You may take positions up to 10 times the value of the balance in your deposit account, with your trading profits or losses passed over that account .The bank requires that the account balance should at all times be 10 % of the value of outstanding positions. In the event that the balance falls below that level through adverse market movements the customer must remit additional funds, failing which, we reserve the right to liquidate the positions.
Margin accounts are managed on a non-deliverable basis whereby on the value date, positions are liquidated by us with the current profit or loss booked to your account. You may also choose to rollover the position at the then current market prices. The facility is available for trading in all major currencies.