Dear valued users,
To provide you with better service, Huobi DM (Huobi Futures) will officially launch [Huobi DM (Huobi Futures) OTC Loan Business] at 18:00 on March 10, 2020 (GMT+8), with details as below:
- Applicable Scene
- Meets the BTC or HT holders ’needs of mortgage-loan other digital assets for futures trading.
- Satisfies users who only would like to hold digital assets such as USDT or HUSD and also hope that they can trade futures contract with these digital assets.
- Applicable Users
- Applicable Digital Assets
- Loan-to-Value Ratio
- Huobi spot price is used as reference for calculation, which is based on the closing price of the day before the mortgage date;
- Guarantee account and loan account both belong to Huobi DM(Huobi Futures) trading accounts.
- Risk Rate Monitoring
- Risk Rate = [sum (Number of mortgaged digital assets in the guarantee account * realtime price of the mortgaged digital assets) + sum (Number of loan digital assets in the trading account * realtime price of the loan digital assets)-sum (digital assets service fee need to be paid*realtime price of the loan digital assets)] /sum ((Initial number of the loan digital assets * realtime price of the loan digital assets)).
- Loan Fee Rate and Settlement Specification
Note: The contents of OTC Loan Business above are only eligible for a certain period, please follow the official announcement for the latest update.
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