Standard account
spread rates
| |
| Majors |
|
Streaming currency pairs
|
Spread rates in basis points*
|
| AUDUSD |
0.0003 |
| EURUSD |
0.0003 |
| GBPUSD |
0.0003 |
| USDCAD |
0.0004 |
| USDCHF |
0.0003 |
| USDJPY |
0.03 |
| |
| Euro Crosses |
|
Streaming currency pairs
|
Spread rates in basis points*
|
| EURAUD |
0.0008 |
| EURCAD |
0.0007 |
| EURCHF |
0.0003 |
| EURDKK |
0.0005 |
| EURGBP |
0.0003 |
| EURJPY |
0.03 |
| EURNOK |
0.0030 |
| EURPLN** |
0.0040 |
| EURSEK |
0.0030 |
| EURTRY** |
0.0030 |
| |
| Other Rates |
|
Streaming currency pairs
|
Spread rates in basis points*
|
| AUDJPY |
0.06 |
| CADJPY |
0.05 |
| CHFDKK |
0.0017 |
| CHFNOK |
0.0025 |
| CHFSEK |
0.0025 |
| DKKSEK |
0.0007 |
| GBPCAD |
0.0009 |
| GBPCHF |
0.0007 |
| GBPDKK |
0.0050 |
| GBPJPY |
0.08 |
| GBPNOK |
0.0060 |
| GBPSEK |
0.0050 |
| NOKSEK |
0.0008 |
| NZDJPY |
0.06 |
| NZDUSD |
0.0004 |
| USDDKK |
0.0009 |
| USDHKD |
0.0007 |
| USDMXN*** |
0.0050 |
| USDNOK |
0.0035 |
| USDPLN** |
0.0040 |
| USDSGD |
0.0006 |
| USDTRY** |
0.0020 |
| USDZAR |
0.0100 |
|
Institutional account spread
rates
| |
| Majors |
|
Streaming currency pairs
|
Spread rates in basis points*
|
| AUDUSD |
0.0003 |
| EURUSD |
0.0002 |
| GBPUSD |
0.0003 |
| USDCAD |
0.0004 |
| USDCHF |
0.0003 |
| USDJPY |
0.02 |
| |
| Euro Crosses |
|
Streaming currency pairs
|
Spread rates in basis points*
|
| EURAUD |
0.0005 |
| EURCAD |
0.0007 |
| EURCHF |
0.0003 |
| EURDKK |
0.0003 |
| EURGBP |
0.0001 |
| EURJPY |
0.03 |
| EURNOK |
0.0025 |
| EURPLN** |
0.0035 |
| EURSEK |
0.0025 |
| EURTRY** |
0.0020 |
| |
| Other Rates |
|
Streaming currency pairs
|
Spread rates in basis points*
|
| AUDJPY |
0.04 |
| CADJPY |
0.04 |
| CHFDKK |
0.0009 |
| CHFNOK |
0.0025 |
| CHFSEK |
0.0020 |
| DKKSEK |
0.0006 |
| GBPCAD |
0.0009 |
| GBPCHF |
0.0006 |
| GBPDKK |
0.0030 |
| GBPJPY |
0.07 |
| GBPNOK |
0.0050 |
| GBPSEK |
0.0040 |
| NOKSEK |
0.0007 |
| NZDJPY |
0.06 |
| NZDUSD |
0.0004 |
| USDDKK |
0.0009 |
| USDHKD |
0.0006 |
| USDMXN*** |
0.0040 |
| USDNOK |
0.0030 |
| USDPLN** |
0.0040 |
| USDSGD |
0.0005 |
| USDTRY** |
0.0020 |
| USDZAR |
0.0070 |
|
|
*Spread rates are normally fixed and will only
widen significantly in rare occurrences such as:
- Central bank rate decisions (ECB, FED, BOE; BOJ
etc).
- Monetary policy decisions (FOMC meetings etc).
- Unexpected events leading to volatile market
conditions.
- Volatile market conditions.
- Illiquid market conditions (public holidays
etc.)
In order to reflect on the real
market dynamics Euro Bancorp broadcasts factual spreads
receivable from our liquidity providers. Our systems are
conceived to choose and transmit the best prices
available to us from our partner banks. However, high
market volatility caused by lasting macroeconomic
effects may cause our counterparties to quote
larger-then-normal spreads on non-RFQ systems, causing
Euro Bancorp to adapt to this environment in real time.
|
|
**These pairs can be traded live
from 9h00 - 21h00 CET. Outside this time; limit/stop
orders and margin requirements are being monitored.
We accept no responsibilities for price slippage between
the close and open prices on the next days trading.
***USDMXN can be traded live from
14h30 - 21h00 CET.
|
Margin rates
Minimum margin rates for Euro Bancorp institutional accounts go as
follows (Our margins do not widen overnight and during the
weekend):
|
Account size (Deposit)
|
|
Total Dollarized Value of open
Positions
|
Liquidation
Margin
|
|
Up to 4'000'000 USD
|
and / or
|
Up to 25'000'000 USD
|
1.0%
|
|
From 4'000'001 USD to 6’250'000 USD
|
and / or
|
From 25'000'001 USD to 31’250'000 USD
|
2.0%
|
|
From 6’250'001 USD to 9'000'000 USD
|
and / or
|
From 31’250'001 USD to 37’500'000 USD
|
2.5%
|
|
From 9'000'001 USD to 12'250'000 USD
|
and / or
|
From 37'500'001 USD to 43'750'000 USD
|
3.0%
|
|
From 12'250'001 USD to 16'000'000 USD
|
and / or
|
From 43'750'001 USD to 50’000'000 USD
|
3.5%
|
|
From 16'000'001 USD to 20'000'000 USD
|
and / or
|
From 50'000'001 USD to 55’000'000 USD
|
4.0%
|
|
From 20'000'001 USD to 25'000'000 USD
|
and / or
|
From 55'000'001 USD to 62’500'000 USD
|
4.5%
|
|
25'000'001 USD and above
|
and / or
|
62'500'001 USD and above
|
as of 5%
|
All customers are fully responsible for
monitoring the activity on their accounts. In the case that open
positions result in excessive margin exposure and attain the
allowable limit, liquidation will occur automatically and all
open positions will be closed.
Margin capacity
Margin indicates the level of leverage on
which a customer may execute transactions and serves as a credit
limit that he may not exceed. On a 1% margin, an account
containing USD 50'000 theoretically has the capacity to execute
transactions up to USD 5'000'000. In practice, customers should
aim for a lower margin utilization. Euro Bancorp offers 1% initial
margin. As a service, Euro Bancorp dealers will attempt to contact
customers accustomed to dealing by telephone with the dealing
desk whose open positions are close to full margin capacity. All
customers are however fully responsible for monitoring the
activity on their accounts. Euro Bancorp is obliged to liquidate all open
positions on an account in the event that a negative result on
those positions causes the specified 1% margin level to be
crossed, liquidation occurs automatically.
The margin capacity Euro Bancorp offers reflects our
willingness to provide the traders with the level of risk they
wish to adopt, we do not however recommend trading close
to 1% margin capacity as this engages a large amount of risk.
Ultimately the choice is left to the trader to make transactions
that meet his/her appetite for risk.
|
