What should I do if my account is unable to meet my margin requirement on the expiration date of an option contract due to exercise?
BiyaPay usually calculates the funds required for call-over options at or near the price before the close of the option contract expiration date. If it is calculated that the call-over funds in your account are insufficient, BiyaPay may forcibly liquidate your account to avoid insufficient margin after the call-over. If you expect that your account may have insufficient margin after the call-over, please position squaring or deposit in a timely manner to ensure that the account meets the relevant margin requirements. BiyaPay reserves the following rights to address account risks caused by insufficient call-over funds.
1.Option position squaring before expiration
2.Allow options to lapse
3.Allow call-over and force leveling of other positioning
Contact Us
BIYA GLOBAL LLC is a licensed entity registered with the U.S. Securities and Exchange Commission (SEC No.: 802-127417); a certified member of the Financial Industry Regulatory Authority (FINRA) (Central Registration Depository CRD No.: 325027); regulated by the Financial Industry Regulatory Authority (FINRA) and the U.S. Securities and Exchange Commission (SEC).
BIYA GLOBAL LLC is registered with the Financial Crimes Enforcement Network (FinCEN), an agency under the U.S. Department of the Treasury, as a Money Services Business (MSB), with registration number 31000218637349, and regulated by the Financial Crimes Enforcement Network (FinCEN).
BIYA GLOBAL LIMITED is a registered Financial Service Provider (FSP) in New Zealand, with registration number FSP1007221, and is also a registered member of the Financial Services Complaints Limited (FSCL), an independent dispute resolution scheme in New Zealand.