(1). Initial margin is 10% for 96.5% gold is 15,000 THB for 5 BG trading (buy and sell position ). For 99.99% gold Initial margin is about 200,080 THB for 1 KG gold trading
Gold Bar | Value (Baht) | 10% Margin (Baht) |
5 BG | 150,000 | 15,000 |
10 BG | 300,000 | 30,000 |
20 BG | 600,000 | 60,000 |
50 BG | 1,500,000 | 150,000 |
100 BG | 3,000,000 | 300,000 |
1 kg | 2,000,000 | 200,000 |
5 kg | 10,000,000 | 1,000,000 |
(2). Account for cash deposit as collateral Account name: “NGG Trade Co., Ltd.” (Saving Account)
Bank | Branch | Account No. |
Bangkok Bank - BBL | Silom | 118-5-39859-9 |
(3). Gold collateral could be deposit minimum at 5 BG and 80% from real time price will be calculated as a trading limit. For example If the market price is 28500 THB depositing 10 BG. Trading limit will be at 28500 * 10 * 80% equals to 228,000 THB
(4). Submitting collateral within 4PM, Trading limit will be update within daytime (T) Submitting after 4PM trading limit will be updated next day (T+1)
(5). To withdraw the collateral, a customer need to submit collateral withdrawal form before 12AM and collateral withdrawal will be done next day (T+1)After 12AM. The withdrawal process will be done within 2 working days (T+2)
(6). To maintain the margin at 70 % for maintenance margin, the company will update margin requirement when account margin drop below 70% of initial margin or “call the margin” to keep the margin above or equal to 70% of the initial margin and sustain trading position and account status.
(7). If collateral value or margin drop below 30%, the company will close the position automatically by marking the price at GTA closing price. Deposit slip must be submit via [email protected] or Line: @nggtrade