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Products & Services

Intraday Buying Power Service

- The leverage from the intraday buying power is only applied to securities purchase, not to other transactions such as withdrawing/transferring money and exercising rights.

- After the end of trading session, the margin loan rate (R) for the account is calculated according to the buying power rate (TLsm) of each margin stock.

- Formula to calculate Intraday buying power:

Intraday buying power = Buying power leveraged by stocks in the account Max - Buying power leveraged by common stocks in the account

Where:

- Buying power leveraged by stocks in the account Max = Σ (Number of stocks * Loan price * Intraday TLsm)

  • Number of stocks = Maximum number of common stocks to calculate buying power + Maximum number of pending stocks to calculate buying power
  • Loan price = Min (Market price, Maximum loan price)
  • Intraday TLsm is the highest margin loan rate, decided by FPTS.

- Updated intraday buying power

  • At the time the system opens for a new trading day (usually at 19:00 on the previous trading day of the new trading day), intraday buy power will be calculated based on the portfolio at that time and added to the base buying power of the account for customers to use it for the following trading session

Note:

  • Intraday buying power is only updated for the account assigned Safe status at the time of update
  • The highest margin rate is applied to all pending stocks in the account at the time of update
  • At the end of daily trading session, the intraday buying power will be updated to 0, the rate R will be calculated based on the borrowing rate in the portfolio.