Derivatives collateral currencies for clients in the EEA

Multi-Collateral Linear Derivatives

The Multi-Collateral wallet allows traders the flexibility to deposit a variety of collateral currencies to back their positions. Neither base nor the quote currency is needed as collateral to trade and all collaterals are valued in USD for margining under a single wallet with cross or isolated margin.

Haircuts and conversion fees apply to non-USD collateral currencies.

The following collateral currencies are supported:

Collateral Asset

Ticker

Haircut

Conversion Fee

Australian Dollar

AUD

0%

0.0%

US Dollar

USD

0%

N/A

British Pound

GBP

0%

0.0%

Canadian Dollar

USD

0%

0.0%

Euro

EUR

0%

0.0%

Swiss Franc

CHF

0%

0.0%

Interest and auto-conversions can apply to unrealized losses uncovered by USD, depending on the value of the loss.

What is a haircut? When does it apply?

A haircut is a reduction in the USD value of a collateral asset that may be used as margin.

This applies to both non-USD funds in the margin wallet as well as non-USD unrealized Profit/Loss and funding.

Haircuts only apply to collateral for Multi-Collateral contracts.

Disclaimer:
Multi-Collateral Linear Derivatives

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