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Temporary margin requirements change for GBP instruments

10.12.2018

Dear clients,


This week the British Parliament will vote Theresa May's proposition for Brexit deal with EU. Later today will be announced the exact date and time of the Parliament meeting. The expectations of economists are that the Parliament will not accept this deal. Such outcome will significantly increase the chase for "hard Brexit".

The Parliament decision would have huge economical impact for the future of UK. In the upcoming days markets are expected to be volatile and periods with lack of liquidity may occur.

Stating these significant market risks, BenchMark will increase margin requirements for currency pairs that include GBP, as well as the margin requirement for UK100, for it's professional clients.


Instrument

 

Leverage 1:400

Leverage 1:200

Leverage 1:100

Current
Margin
Temporary
Margin
Current
Margin
Temporary
Margin
Current
Margin
Temporary
Margin
GBPUSD 0.25% (1:400)  1% (1:100)  0.5% (1:200)  2% (1:50)    2% (1:50)   4% (1:25) 
EURGBP 0.25% (1:400)   1% (1:100)   0.5% (1:200)   2% (1:50)  2% (1:50)   4% (1:25) 
GBPCHF 0.25% (1:400)   1% (1:100)   0.5% (1:200)  2% (1:50)   2% (1:50)  4% (1:25)  
GBPCAD 0.25% (1:400)   1% (1:100)   0.5% (1:200)  2% (1:50)  2% (1:50)  4% (1:25)  
GBPJPY 0.25% (1:400)   1% (1:100)   0.5% (1:200)  2% (1:50)  2% (1:50)   4% (1:25)  
GBPAUD 0.25% (1:400)    1% (1:100)  0.5% (1:200)  2% (1:50)  2% (1:50)   4% (1:25)  
GBPNZD 0.25% (1:400)   1% (1:100)   0.5% (1:200)  2% (1:50)   2% (1:50)  4% (1:25)  
UK100 2% (1:50)  4% (1:25)   4% (1:25)  8% (1:12.5)  8% (1:12.5)   16% (1:6.25)  

The higher margin requirements will come into effect tomorrow, 11.12.2018, at 10:00 GMT and will continue until the situation around Brexit negotiations stabilizes.

The mentioned above margin changes will affect the professional clients of Benchmark. Trading conditions for retail clients will remain the same.


If you have any further questions, do not hesitate to contact us.

BenchMark


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