What is the application requirement of margin trading account?

Free Margin Trading(VCFC) / Murabaha(VCFC)

1. Application Conditions:

  • Verify the normal status of the customer's fund account. If a customer ID is provided, confirm whether all fund accounts under the customer ID are in a normal state. (If the status is abnormal, return a rejection message.)
  • Check if the customer has any liabilities. (Verify if the liability amount is greater than or equal to 0; if yes, return a rejection message.)

2. Credit Limit Restrictions:

  • Any frozen funds or outstanding funds unfilled buy orders for the customer cannot be considered for evaluating the credit limit.

3. Cancellation Conditions

  • Verify the status of the customer's fund account.

If a customer ID is provided, confirm whether all fund accounts under the customer ID are in a normal status. (If the status is abnormal, return a rejection message.)

  • Check if the customer has any liabilities.

(Verify if the liability amount is greater than or equal to 0; if yes, return a rejection message.)

  • Assess whether the customer's pending orders or withdrawal orders could impact future liability situations

(i.e., if the customer's cash asset balance is greater than or equal to 0; if not, the interface will return a rejection message).

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