Chapter 5 Margin Collateral OSBPs may apply to the Exchange for the deposit of standard warrants used as margin collateral at the Exchange. However, trading deficits, expenses and taxes of the OSBPs must be settled with monetary funds. Since the OSBP cannot conduct clearing directly, it is required to authorize its Clearing Member to confirm the margin collateral deposit/withdrawal application. Deposit of Margin Collateral Prior to the deposit of margin collateral, the OSBP is required to obtain its authorization to client’s use the relevant warrant as margin collateral. The process for the deposit of margin collateral by OSBPs is as follows: Submit a Deposit Application (1) In the navigation menu, select --> to enter the page “New Task” “(Margin Collateral) Deposit” of deposit. (2) Define the search criteria to inquire about the warrant to be deposited as margin collateral. (3) Tick the warrant to be deposited as margin collateral and fill in the The “Quantity Submitted”. System will allocate the warrant quantity in default as per the property, and the OSBP may re-allocate it manually. Set the at the lower part of the page. You may have two options here: one is “Margin Type” and the other is for the Short Positions of a Designated “Margin Collateral”, “Margin Collateral If you choose the latter, you need to fill in the contract. Contract”. Upon completion of the page, click the button to submit the application for deposit of “OK” margin collateral. After submission of the margin collateral deposit application, you need to wait for the confirmation of the Clearing Member and the approval of the Clearing System of the Exchange.
Chapter 5 Margin Collateral OSBPs may apply to the Exchange for the deposit of standard warrants used as margin collateral at the Exchange. However, trading deficits, expenses and taxes of the OSBPs must be settled with monetary funds. Since the OSBP cannot conduct clearing directly, it is required to authorize its Clearing Member to confirm the margin collateral deposit/withdrawal application. Deposit of Margin Collateral Prior to the deposit of margin collateral, the OSBP is required to obtain its client’s authorization to use the relevant warrant as margin collateral. The process for the deposit of margin collateral by OSBPs is as follows: Submit a Deposit Application (1) In the navigation menu, select “New Task” --> “(Margin Collateral) Deposit” to enter the page of deposit. (2) Define the search criteria to inquire about the warrant to be deposited as margin collateral. (3) Tick the warrant to be deposited as margin collateral and fill in the “Quantity Submitted”. The System will allocate the warrant quantity in default as per the property, and the OSBP may re-allocate it manually. Set the “Margin Type” at the lower part of the page. You may have two options here: one is “Margin Collateral”, and the other is “Margin Collateral for the Short Positions of a Designated Contract”. If you choose the latter, you need to fill in the contract. Upon completion of the page, click the “OK” button to submit the application for deposit of margin collateral. After submission of the margin collateral deposit application, you need to wait for the confirmation of the Clearing Member and the approval of the Clearing System of the Exchange.