Effect of “Leverage” or “Gearing” “槓桿 Sample Clauses

Effect of “Leverage” or “Gearing” “槓桿. 效應 The risks involve in futures transactions is extremely high. The amount of initial margin is relatively small compares to the value of the futures contract, this results in ‘leveraged’ or ‘geared’ position in the transactions. For this reason, a relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit. The mechanism of the ‘leveraged’ or ‘geared’ position in the transactions can be double edged, you may sustain a total loss of initial margin funds and any additional funds deposited to maintain your position. If the market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds on short notice to maintain your position. If you fail to comply with a request for additional funds within the time prescribed, your position may be liquidated at a loss and you will be liable for any resulting deficit. 期貨交易的風險非常高。由於期貨的開倉保證金的金額較期貨合約本身的價值相對為低，在期貨交易中發 揮“杠杆”作用。因此市場輕微的波動也會對你投入或將需要投入的資金造成大比例的影響。這種杠杆作用可說是利弊參半，你可能會因此損失全部開倉保證金及為維持本身的倉盤而存入額外的金額。若果市況不利你所持倉盤或保證金水平提高，你會遭追收保證金，即須在短時間內存入額外資金以維持本身倉盤。假如你未有在指定時間內繳付額外的資金，你可能會被迫在虧蝕情況下平倉，而所有因此出現的短欠數額一概由你承擔。