Accounts details

1. Assets

1.1 Securities Market Value

The total market value of securities in your account.


1.2 Cash

The cash amount of your account. If you are using margin, the cash of your account will be negative.


1.3 Interest Charged Amount

The interest-charged amount is the amount you own after daily settlement. The amount may fluctuate due to deposits, withdrawals, positions change, etc. Please refer to your statement for more details.

For example, if you finance $2,000 to buy stocks:

(1) After settlement on the transaction date, the interest-charged amount is 0;

(2) After settlement on day T+1, the interest-charged amount is 0;

(3) After settlement on day T+2, the interest-charged amount is $2000.

That is, after financing, no interest will be generated until settlement completes on day T+2.

Following the example above, if you sell these stocks on day T+2, then:

(1) After settlement on day T+2, the interest-charged amount is 2000;

(2) After settlement on day T+3, the interest-charged amount is 2000;

(3) After settlement on day T+4, the interest-charged amount is 0.

After you close out the positions you bought through financing, the interest will still be calculated before settlement completes. If you repay by depositing money, no interest will be calculated after funds arrive.


1.4 Funds on Hold

Funds on hold in your account includes hold-on pending orders, transaction fees, IPO subscription, etc.


1.5 Withdrawable Cash

The amount of cash that can be withdrawn from your account. The unsettled amount in your account will affect this value.

For example, the US market adopts a T+2 settlement cycle, which means that the settlement can only be completed on the second trading day after the transaction occurs.

Assuming that:

(1) Your account has $50,000 cash on the transaction date (T).

(2) You bought $20,000 of stocks on day T-1 and $10,000 of stocks on day T. The amount to be settled on day T+1 is $20,000, and the amount to be settled on day T+2 is $10,000.

Then, to avoid settlement defaults in the next two trading days, your withdrawable cash today is 50,000 - 20,000 - 10,000 = $20,000.

2. Buying Power

2.1 Maximum BP

Maximum buying power represents the amount that can be used in your account when buying securities with the smallest margin ratio. The margin ratio for different securities may vary.


2.2 Cash BP

Maximum buying power without financing.

3. Risk Level

3.1 Initial Margin

Initial Margin Requirement = ∑ Market Value* Initial Margin Ratio, the initial margin ratio for securities may vary.


3.2 Margin-Call

Margin-Call Margin Requirement = ∑ Market Value* Margin-Call Margin Ratio, the margin-call margin ratio for securities may vary.


3.3 Variation

Variation Margin means the minimum amount you need to deposit when your account is in "Margin Call" status. Variation margin is used to bring the risk level of an account back to the safe level.