Position Limits - ExchangeAccountType values

Position limit definitions may apply differently depending on the account type in which the positions are held. For example, a Hedge Account will be netted differently on the Singapore Exchange compared to an Omnibus Account.

Rapptr is able to distinguish between account types via the portfolio property ExchangeAccountType. It is important to consider ExchangeAccountType at the Top-level Entity to capture the correct regulatory application.

Valid ExchangeAccountType Values and the relevant exchange:

EUREX

XEURAgentAccount

An account where trades are entered on behalf of an exchange member's customer are recorded in an "agent account."

Accounts that trade on behalf of clients will be recorded under Agent Accounts (A1 - A9). Netting of Agent Accounts will be done on a gross basis. See here for more information.

XEURProprietaryAccount

An account where trades for an exchange member's own account are recorded in a "proprietary account."

Accounts that trade on the participants own account will be recorded under Proprietary Accounts (P1/P2). The participant has full discretion over which account is used for an opening position, although close-outs must be directed to the same account as the open position. Netting of Proprietary Accounts will be done on a gross basis. See here for more information.

XEURMarketMakerAccount

Accounts that trade on the participants own account will be recorded under Proprietary Accounts (M1/M2). Positions are automatically closed out within an account. Trades resulting from quotes are booked automatically on the M1-account. Netting of Proprietary Accounts will be done on a net basis. See here for more information.

 

XSES

XSESOmnibusAccount

This account type is used when there are a number of underlying Customers,
whose positions are carried in sub-accounts. Long positions are not
automatically offset against short positions. Instructions must be provided in
order to close out an existing position in any sub-account.

XSESHedgeAccount

Positions in such accounts are maintained for hedging against cash market or
other types of exposures. Long positions are not automatically offset against
short positions. Instructions must be provided in order to close out an existing
position.

XSESSpeculativeAccount

Such accounts are for taking speculative positions in the market, i.e. where the
account holder does not hold concurrent long and short positions. For this type
of account, long and short positions are automatically offset against each
other.

 

XMOD

XMODHedgeAccount

Positions in such accounts are maintained for hedging purposes only. For this type of account, long and short positions are automatically offset against each other.

XMODSpeculativeAccount

Such accounts are for taking speculative positions in the market. For this type of account, long and short positions are automatically offset against each other.

 

XKRX

XKRXInstitutionalAccount

Positions held by Institutional Investors. For this type of account, long and short positions are automatically offset against each other.

XKRXRetailAccount

Positions held by Retail Investors. For this type of account, long and short positions are automatically offset against each other.

 

XKLS

XKLSMarketMakerAccount

Local participants may be appointed by the exchange to act as market makers. Market makers have position limits which are double that of non-market makers. The directive can be found here.

XKLSNonMarketMakerAccount

All other participants on the exchange will be subject to the position limits specified in Schedule 1 of the link above.

 

XHKG

XHKGClientAccount

Accounts of clients of the exchange. For accounts held by Clients, the limits can differ from those held by Exchange Participants.

XHKGExchangeParticipantAccount

Accounts of Exchange Participants, whom can be searched for here. For accounts held by Exchange Participants, the limits can differ from Client Accounts.

 

XTKT

XTKTRetailAccount

Retail accounts held on the exchange. For retail accounts, the limits can differ from other account types e.g commercial.

XTKTCommercial

Commercial accounts held on the exchange. For commercial accounts, the limits can differ from other account types e.g retail.

XTKTCustomer

Customer accounts held on the exchange. For customer accounts, the limits can differ from other account types e.g retail.

XTKTInvestmentTrust

Positions held by Investment Trusts on the exchange. For investment trusts, the limits can differ compared to if contracts are held by an investment fund for example.

XTKTInvestmentFunds

Positions held by investment funds on the exchange. For investment funds, the limits can differ compared to if contracts are held by an investment trusts for example.

XTKTMemberProprietaryTrades

Positions held on a proprietary basis.

 

XNSE (more details here)

XNSECatIFPIAccount

Government and government related foreign investors such as Central Banks, Sovereign Wealth Funds. Including all insurance entities, funds from Financial Action Task Force (FATF) member countries, university and pension funds, etc.

XNSECatIIFPIAccount

Individual, family offices, and corporate bodies.

XNSECatIIFPIOtherAccount

Appropriately regulated funds not eligible as category I FPIs, endowments and foundations and charitable organisations.

XNSEClientAccount

Client level limits also apply to Cat II accounts.

*FundApps does not currently support this type of ExchangeAccountType. If the XNSEClientAccount is relevant to you, please contact us at support@fundapps.co to let us know.

XNSETradingMemberAccount

Trading member level limits applies to Cat I and Cat II other accounts

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