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Finotec News Archive - March 19 2008

Collateral changes to margin requirements

EFFECTIVE IMMEDIATLEY - stock margins are still at 90%. Margins for indices and commodities have returned to the normal requirement of 5%.

Raj Ratna
19 March 2008

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Dear Finotec customers

EFFECTIVE IMMEDIATLEY

Due to increased volatility in the market, stock margins are still at 90%. Margins for indices and commodities have returned to the normal requirement of 5%.

If you have open positions without sufficient equity, your positions will close.

If you have any queries, please don’t hesitate to contact the Finotec dealing desk.

Finotec Analysis Team
19 March 2008

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