All futures contracts require initial margin. Generally, we adhere to the margin requirement prescribed by the exchanges which is usually about 5% to 10% of the contract value with maintenance margin at about 80%. The margins are subject to change without prior notice, depending on market volatility.
Margin call
There will be a margin call when the amount in the account falls below the maintenance margin requirements. You may make use of either or a combination of the following methods to fulfil the margin call:
1) Bring in new funds by the next market day to top up to initial margin levels and maintain your positions. For cheques, margin calls are considered satisfied only when the cheque has been cleared and we have received your funds.
2) Liquidate some or all your positions to satisfy the margin call. Margin calls are considered satisfied upon end-day settlement (i.e. next trading day).
New positions cannot be initiated until the margin call is fulfilled.
If margin calls are not satisfied, OCBC Securities reserves the right to liquidate some or all of your open positions.
Even if no margin calls are made, OCBC Securities reserve the right to liquidate your open positions if the equity in your account falls below 30% of the initial margin requirements of all your open positions, where equity is calculated by:
Equity = Value of all initial margin + Unrealised profit of all open positions - Unrealised loss of all open positions
Unrealised profit or unrealised loss of all your open positions shall be determined by OCBC Securities' sole discretion, with reference to the then-prevailing bid, offer or last transacted price of the contract.
LEVERAGED FUTURES ACCOUNT
Capitalise on the futures & options market
For local application
Apply at OCBC Securities with these supporting documents
-
For Singaporeans and Permanent Residents:
- NRIC/SAF/SPF ID and Passport
For Malaysians:
- IC and Singapore Residence Pass (e.g. Employment pass) if applicable
For Foreigners:
- Valid Passport and Singapore Residence Pass (e.g. Employment pass) if applicable
Note: Bring the originals of these Identification Documents (ID)
-
Bring the original or electronic copy of any of the following documents reflecting your name and address:
- Bank statement from a Monetary Authority of Singapore (MAS) licensed bank
- Latest CPF statement
- Latest Notice of tax assessment from IRAS
Note: Document(s) must be dated no older than 3 months from date of application. If your mailing address is different from your residential address, please provide one document for each address.
If you are applying for a corporate account, please call us at (65) 6318 2480 or futuresdesk2@ocbcsec.com
For overseas application
Mail in the completed application forms with copies of:
-
For retail customers:
- Please email futuresdesk2@ocbc.com for the application form.
- For trading in the US Market: W8BEN form
- Service Agreement
For corporate customers:
- Please email futuresdesk2@ocbc.com for the application form.
- For trading in the US Market: W8BEN-E form
- Service Agreement
-
Provide a copy of your identification:
For Singaporeans and Permanent Residents:
- NRIC/SAF/SPF ID and Passport
For Malaysians:
- IC and Singapore Residence Pass (e.g. Employment pass) if applicable
For Foreigners:
- Valid Passport and Singapore Residence Pass (e.g. Employment pass) if applicable
Bring your original ID, the photocopy and our account application form to any of the below authorised parties to witness your signature on the form and certify true copy of your ID:
- Notary Public
- Advocates & Solicitors
- Singapore Embassy
The witnessing officer should provide his/her name and contact details.
-
Provide us with the original or electronic copy of any of the following documents reflecting your name and address:
- Bank statement from a Monetary Authority of Singapore (MAS) licensed bank
- Latest CPF statement
- Latest Notice of tax assessment from IRAS
Note: Document(s) must be dated no older than 3 months from date of application. If your mailing address is different from your residential address, please provide one document for each address.
-
Mail it to us
OCBC Securities Private Limited
18 Church Street #01-00,
OCBC Centre South,
Singapore 049479
Step 1
Step 2
Step 3
E-Mini S&P 500, E-Mini Dow Jones $5, MCSI Singapore Index Futures and Options
Euro FX, Australian dollar, British pounds
Rubber, Iron Ore, Freight, Coffee, Cocoa, Sugar
Crude Oil, Brent Crude, Natural Gas
Gold, Silver, Palladium, Platinum
10/5/2 Years Treasury Notes, 30 Years Treasury Bonds
Email our Futures desk to find out about other futures products available through OCBC Securities.
Eligibility requirements
Age limit
21 to 62 years old
Specified Investment Products (SIPs) qualified traders
Deposit requirements
Initial deposit
- S$10,000 for Singaporeans and Singapore PRs
- US$20,000 for non-Singaporeans (excluding Singapore PRs)
- US$30,000 for Corporates
Common question
Share Financing
A leveraged trading account that lets you increase your share purchasing power by pledging your cash or securities as collateral.
Futures Account
An account for trading futures and options.
Share Borrowing Account
A leveraged account that lets you borrow shares for short selling, hedging, and other strategies.