What do the terms in the futures margin list mean?

In the Fee Center > Futures > Margin page, you can see the margin requirements for different futures contracts. To help you better understand the information in the table, the following is a detailed explanation of each field.

1. Name

Refers to the specific futures contract code, used to distinguish different expiration months or different types of futures contracts.
For example: 6L2602, AUD2603, etc.

2. Product

Indicates the trading product corresponding to the futures contract, i.e., the underlying asset type.
For example: 6L, AUD, BTC, etc.

3. Exchange

Indicates the exchange to which the futures contract belongs.
For example: CME (Chicago Mercantile Exchange).

4. Currency

Indicates the settlement currency of the futures contract, i.e., the currency used for margin and profit/loss calculations.
For example: USD.

5. Long Initial Margin

Refers to the minimum initial margin amount required when opening a long (buy) position.

This amount is used to ensure you have sufficient funds to bear position risks and is the minimum fund requirement that must be met when opening a position.

6. Long Maintenance Margin

Refers to the minimum margin amount that must be continuously maintained in the account during the period of holding a long position.

When the account margin falls below this value, it may trigger margin calls or risk control measures.

7. Short Initial Margin

Refers to the minimum initial margin amount required when opening a short (sell) position.

Usually the same as the long initial margin, but subject to the page display.

8. Short Maintenance Margin

Refers to the minimum margin amount that must be maintained in the account during the period of holding a short position.

If the margin is insufficient, it may trigger risk control or forced liquidation.

9. Margin Discount Period

Indicates the time period during which the platform provides margin discounts for the futures contract.

During this period, the margin required for opening or holding positions may be lower than the standard margin requirements.

Time is usually displayed in CST (China Standard Time).

10. Discount Initial Margin

Refers to the initial margin amount required for opening a position during the margin discount period.

This value is usually lower than the normal initial margin, helping to reduce capital usage.

11. Discount Maintenance Margin

Refers to the minimum margin amount required to maintain a position during the margin discount period.

After the discount period ends, margin requirements will return to normal standards.

Warm Reminder

Margin standards may be adjusted according to market fluctuations or exchange rules. Please refer to the real-time display on the Fee Center page.

After the margin discount period ends, if the account margin is insufficient, you may need to replenish funds in time to avoid risks.

Futures trading has high risks. It is recommended to fully understand margin rules and reasonably control positions before trading.

If you have any questions about any field or margin rules, you can contact online customer service for help at any time.

How to View Futures Margin List Terms on the App:

First, open the BiyaPay App and enter “Fee Center”. After switching to the “Futures” tab at the top of the page, select “Margin” in the secondary tab to enter the futures margin list page.

After entering, you will see a search box and the list table below. Swipe left with your finger to see more futures margin list terms (usually showing contract/name, product, exchange and other information) for quickly querying specific futures margin entries.

How to View Futures Margin List Terms on the Web:

After opening the BiyaPay website in a computer browser, enter “Fee Center”. In the category bar in the middle of the page, first switch to “Futures”, then select “Margin” in the secondary category below to see the futures margin list page. There is usually a search box at the top of the page, and below is a margin table displayed in columns.