Clearing
- Exchange Traded Derivatives Clearing
- Clearing Members
- Clearing Mechanism
- Clearing Mechanism Developing History
- Clearing Mechanism
- Clearing Process
- Intraday Profit & Loss Trial Balance
- Daily Settlement Price
- Formula for Calculating Final Settlement Prices
- Clearing Margin Accounts
- Position Management
- Safeguard System
- Products exempted and not exempted from liquidation on behalf of a principal in the after-hour session
- Notice for Foreign Currency Denominated Contracts Settlement
- Margining
- Market Information
Clearing
Margin Call
| Intraday margin deposit notifications | End-of-day margin deposit notifications | Ad hoc margin deposit notifications | |
|---|---|---|---|
| Time of notification | At 12:00 pm on every business day | On or after 8:30 am on the following business day | Depending on market conditions |
| Deposit deadline | By 3:30 pm on the notification day | By 11:00 am on the notification day | Within two hours after the notification is issued |
| Notification method | Notifications are sent to clearing members from the Web Portal and by phone calls | ||
| Deposit of clearing margins | Cash and securities | Initial margin (IM): Cash and securities Settlement amount including Variation margin (VM)/ Mark-to-market difference (MTM): Cash in contract currency |
Cash and securities |
| Collateral ratio limit | The upper limit of collateral ratio is 100% unless otherwise stated by the competent authority or TAIFEX. | ||
Note 2:If a clearing member is a branch established within the territory of the R.O.C. by a foreign financial institution and its clearing operations of proprietary derivatives involve trading by the head office or other branches, the clearing member should deposit the required clearing margins in the foreign currency announced by TAIFEX for its head office or other branches.The settlement amount including variation margin and mark-to-market difference should be paid or received in the currency of the cleared transaction.
