What is “margining”?
Initial margin: The initial margin is the amount of cash collateral that an investor must put up when he places an order to take a position. In most cases, this corresponds to about 10% of the position that the investor wishes to take. TurkDEX contract initial margin: This margin is determined by TurkDEX authorities on the basis of each contract. Contracts trading at GarantiBank TurkDEX Contract Initial Margin (TL) IMKB 100 500 IMKB 30 600 Euro/TL 200 USD/TL 150 DIBS 91 300 DIBS 365 500 Index DIBS 300 Cotton/Wheat 240 Gold 400 Margin types accepted at TurkDEX Minimum Rate Maximum Rate Valuing Coefficient Cash (TL) 0.30 1.00 1.00 Foreign Currency (USD, EUR) 0.00 0.70 0.95 T-Bills 0.00 0.70 0.90 Government Bonds 0.00 0.70 0.80 Share (IMKB 30) 0.00 0.35 0.70 Mutual Fund (Liquid) 0.00 0.70 0.90 Mutual Fund (B-Type) 0.00 0.70 0.80 Mutual Fund (A-Type) 0.00 0.35 0.70 Letter of guarantee 0.00 0.70 1.00 Maintenance margin: The maintenance margin is the amount of collateral that must remain in