OANDA Japan plans to raise margin on HKD pairs
The change is poised to be implemented from November 25, 2019.
Online trading company OANDA Japan today unveiled its plans to change the margin requirements for Hong Kong dollar currency pairs. The change, the brokerage explains, reflects the complex situation in Hong Kong.
The new requirements will be applied to all HKD pairs handled by the NY server:
- AUD / HKD;
- CAD / HKD;
- CHF / HKD;
- EUR / HKD;
- GBP / HKD;
- HKD / JPY;
- NZD / HKD;
- SGD / HKD;
- USD / HKD.
The change, increasing the margin requirement from 5% to 10%, is poised to get into effect on November 25, 2019, with traders advised to adjust their orders if necessary by November 22, 2019. The new requirements will be applicable to personal and corporate accounts.
The situation in Hong Kong is extremely tense due to ongoing protests. Early this morning, the Transport Department (TD) appealed to members of the public to pay attention to the traffic situation and the latest public transport service arrangement before starting their journey.
In the meantime, police are investigating two police open fire cases in Yau Ma Tei happened yesterday (November 17) night and in the small hours of November 18th.
Many bank branches remain closed. Today, Standard Chartered HK posted a notice stating:
“Please kindly be advised that all of our branches will be closed at 3:30 pm, 18 November 2019.
During the period, customers please use the Bank’s Online Banking, SC Mobile Banking, Phone Banking or ATM Services. Please do not hesitate to contact us at our Phone Banking Hotline 28868888”.
HSBC‘s operations in Hong Kong are also affected. The bank says that:
“HSBC University of Hong Kong Branch, Festival Walk Branch & Premier Centre, East Ocean Centre Branch & Premier Centre, Peninsula Centre Branch, 238 Nathan Road Branch & Premier Centre, Tsim Sha Tsui Branch, Premier Centre & Commercial Service Centre, Mongkok Branch, Premier Centre & commercial Service Centre and Yau Ma Tei Premier Centre, Hung Hom Branch & Premier Centre and Whampoa Gardens Branch & Premier Centre are closed on 18 November 2019. HSBC customers can use the Bank’s Internet Banking, Mobile Banking, Phone Banking or self-service banking terminals.
We are sorry for the inconvenience and will provide updates on the operation of our outlets as the situation evolves”.
