The Max NV to Buy (Cash) is calculated based on the Current Cash Buying Power of your account. It represents the maximum nominal value you can buy without margin financing.
The Max NV to Buy (Margin) is calculated based on the Max Buying Power of your account. The part of the nominal value exceeding the Max NV to Buy (Cash) may use margin financing provided by Futu HK. However, you may not be able to place an order with a nominal value exceeding the Max NV to Buy (Margin).
Notes: If you have enabled unified buying power, your Cash Plus (MMF) assets will be calculated into the Cash Buying Power and Max Buying Power of your account. For details of unified buying power, please refer to unified buying power.
By using stocks and unsettled funds in your Futu HK securities account as collateral, you can borrow funds from Futu HK to buy bonds. Using margin financing involve leverage effect, so clients should have higher risk tolerance level and please carefully consider whether such margin trading is suitable taken into consideration of your own financial position and investment objectives.
Margin interest is calculated based on the fund balance after settlement, as normal margin financing business. Funds for buying bonds are settled at T+1 (T refers to the bond transaction date. In the event of a non-trading day, settlement will be postponed to the next trading day). If the fund balance becomes negative after settlement, interest will be started to accrue.
The margin rate for USD is 4.8% per annum. Interest is accured on a daily basis and interest for a month is deducted at the end of the month. For details of margin rates, please refer to Margin.
If the nominal value of an order exceeds the Max NV to Buy (Cash) but not exceeds the Max NV to Buy (Margin), margin financing will be used automatically to cover the excess portion.