The framework should provide, for the purpose of computing margin financing requirements in a margin financing account, that:
- all transactions done on the same day shall be combined on a transaction date basis;
- the total cost of purchase or the net proceeds of sale, including any commission charged and other expenses, shall be taken into account; and
- the Trading Member may use either:
- the last done price of the Specified Product on the preceding Market Day, or in the case of a Prescribed Instrument, the closing price of the Prescribed Instrument on the preceding Market Day, or
- the market price of the Specified Product at the point of calculation on the current Market Day. Where the Trading Member uses real-time market prices for margin valuation, computation of margin financing requirements and issuance of margin calls where required should be carried out at the same time.
Added on 1 April 2025.