Update on margin rates for EUR and Sterling currency pairs
Dear Clients,
Following the uncertainty posed by the EU Referendum in United Kingdom, and given that market implicit volatility in Sterling (GBP) and Euro (EUR) currency pairs as well as conditions in currency markets in general have stabilized, Renesource Capital risk team has taken a decision to reduce the margin requirements back to normal pre EU referendum in UK level staring from June 29, 2016 23:59:59 Riga time (GMT +3).
Margin requirements will be lowered for all trading account types (FX Micro, FX Classic and FX Pro incl. Demo accounts).
|
Currency pair |
Current margin requirements |
New margin requirements |
|
EURUSD |
5% |
1% |
|
EURAUD |
5% |
2% |
|
EURCAD |
5% |
2% |
|
EURCHF |
5% |
2% |
|
EURCZK |
5% |
2% |
|
EURJPY |
5% |
2% |
|
EURNOK |
5% |
2% |
|
EURNZD |
5% |
2% |
|
EURPLN |
5% |
2% |
|
EURSEK |
5% |
2% |
|
EURSGD |
5% |
2% |
|
GBPUSD |
8% |
1% |
|
EURGBP |
8% |
2% |
|
GBPAUD |
8% |
2% |
|
GBPCAD |
8% |
2% |
|
GBPNZD |
8% |
2% |
|
GBPJPY |
8% |
2% |
|
GBPCHF |
8% |
2% |
|
GBPNOK |
15% |
2% |
|
GBPPLN |
15% |
2% |
|
GBPSEK |
15% |
2% |
|
GBPSGD |
15% |
2% |
|
GBPDKK |
15% |
5% |
|
GBPZAR |
15% |
5% |
Should you have any concerns please do not hesitate to contact your Account Manager or a Capital Markets team.
Kindest regards,
Renesource Capital