and MR falls below 15% - Step 1 is skipped.

Once matched, we’ll verify your Margin Ratio (MR). If it meets our initial MR standard, the matched funds will be transferred to your funding account. And the borrowed amount along with the total interest will be both recorded as liability.5. Interest5.1 How's interest charged? Interest for a single VIP Loan term (90 days) is as follows = Borrowing amount × Interest rate × 90 / 365 Interest begins to accrue once your loan amount is ready to be drawdown.

The margin ratio (MR) shown on the edit page is an estimate based on the selected accounts. What are the permissions for different account types in a risk unit? Main account: Can create new risk units and edit existing ones (change sub-accounts, rename, manage alert settings, toggle auto-add for new sub-accounts). Delegate account: Can view all risk unit information and perform loan operations (borrow, repay, rollover).

MMR = Sum of USD value of each risk unit derivatives MMR + Borrowing MMR Derivatives MMR = Max {[Max (Spot shock, Theta decay risk, Extreme move) + Basis risk + Vega risk + Interest rate risk + Stablecoin depegging risk], Adjusted minimum charge} mmr Initial margin requirement (IMR) 1.3 × MMR Risk factor (MR) Derivative margin calculates 7 risks (MR1-6 and MR9) by stress testing the portfolio under a specific set of market conditions of each risk unit, and then applying a minimum charge (MR7).