Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.
Can someone please explain to me the auto close out process.if the value reaches O during the day does the share close out and lose all my funds,or only if the value reaches 0 at the end of trading day that the share closes our and all funds are lost?
Once the available trading funds and margin (available before auto close out as on the screen) is depleted SBK will buy or sell about 30-50% of the holdings at market price in order to cover the margin requirements for the trade(s)