Feature Overview
Feature Introduction
Overview
When a client's net asset value falls below the maintenance margin level due to market fluctuations, the system will issue a Margin Call notification to the client. The client must either deposit additional funds or close positions within three trading days; otherwise, the firm is authorized to liquidate positions on the client's behalf without prior notice.
Operational Management
1. Risk Alerts
⚓ Margin Call > Risk Alerts
Menu Function Description: This menu supports real-time margin alert monitoring.
- The list displays all current alert customer records. In the left panel, green text provides real-time update prompts (displaying the latest computed results); additionally, the header area aggregates the total amount of margin to be collected for current alerts and the total amount of long-term unsettled margin to be collected.
Basic Page Field Descriptions
Field | Description |
|---|---|
Total Margin to Be Collected | The total amount of margin to be collected from all clients in margin call. |
Long-Term Unsettled Margin to Be Collected | The total amount of margin to be collected for alerts that were triggered more than 90 days ago. |
Alert Type | The type of margin call that was triggered. |
Deadline | The final deadline for the user's margin call; after this date, the system will no longer send messages. |
Elapsed Duration Since Trigger | Current time minus the alert trigger time (durations less than one hour are treated as one hour). |
Net Asset Ratio | Net Asset Ratio = Liquid Net Assets / max[Liquid Net Assets, Long Position Market Value - Delisted and Long-Suspended Stock Market Value + abs(Short Position Market Value)]. |
Liquid Net Assets | Equity assets minus the market value of delisted and long-suspended stocks. |
Equity Assets | Total cash plus total position market value (including all stock and derivative position market values). |
Margin to Be Collected | max(margin call margin - net assets + accrued interest + outstanding margin deposit - trading limits, overfinancing limits). Specific settings can be configured in the WBO backend. |
- For clients included in monitoring alerts, selecting a record enables subsequent actions: Send Message / Close Positions / Set Auto-Liquidation / Send Voice Message.
- When executing a liquidation, you can choose whether to liquidate specific securities.
- Set Auto-Liquidation: You can customize the automatic liquidation time; additionally, you can adjust the deadline of certain Margin Calls according to actual business needs.
- You can also click "Details" on the right side of a monitored customer's record to view an overview of the customer's assets, position details, and cash details to assist with liquidation; the details page also supports liquidation and sending messages.
- Edit remarks on the current alert record for subsequent handling or reference for others; additionally, if marked as an exception, the record can be viewed in the "Exception" list page.
About Exception Records:
There may be special cases in which a client has only outstanding debts but no positions, making it impossible to resolve the margin call through forced liquidation; these cases must be handled manually. Such exception records should not receive notifications as frequently as normal margin calls.
In such cases, a trader can change the margin call record status to "Exception," so that the margin call will not send daily messages to the user.
2. Intraday Financing Real-Time Alerts
Margin Call > Intraday Financing Real-Time Alerts
Menu Function Description: This menu's functionality and operational logic are the same as "Real-Time Alerts," but it is targeted only at intraday financing accounts.
3. Liquidation Orders
Margin Call > Liquidation Orders
Menu Function Description: This menu is used to view all liquidation records, and in case of liquidation operation errors, allows cancellation of liquidation orders.
4. Covered Options Stock Collection
Margin Call > Covered Options Stock Collection
Menu Function Description: This menu displays records where the underlying stocks for covered options are insufficient and require stock collection.
- The list displays all collection records.
- Click "Details" to view the client's margin call details and to support options position liquidation.
5. Short Stock Recovery
Margin Call > Short Stock Recovery
Menu Function Description: This menu displays records of short stocks that need to be recovered (not updated in real time).
- The list displays all recovery records.
- Click "Details" to further view the client's margin call details and to support closing short stock positions.
