Question 1

BaFin futures rules 1

Accepted Answer

Overview:

On September 30, 2022, a General Administrative Act was adopted by BaFin that restricts the marketing, distribution and sale of futures with an Additional Payment Obligation (APO). The act became effective on January 1, 2023.

Note…

Question 2

What are BaFin Futures Rules?

Accepted Answer

On September 30, 2022, a General Administrative Act was adopted by BaFin that restricts the marketing, distribution and sale of futures with an Additional Payment Obligation (APO). The act became effective on January 1, 2023.

Note…

Question 3

How has the future margin changed for German residents under the BaFin Futures Rules?

Accepted Answer

After the BaFin Futures Rules went into affect, IBKR managed its risk by increasing the Initial and Maintenance margin requirements for all new Futures positions after 1 January 2023 that are entered into by Retail Clients domiciled in Germany. The margin changes are:…

Question 4

With BaFin Futures Rules how can I opt to use free available cash?

Accepted Answer

Clients can opt-in to have all their free cash available to be used to cover variation margin requirements for their futures positions. This reduces the likelihood of liquidations but increases your potential total losses up to your entire available Free Cash…

Question 5

Who is affected by the BaFin Futures Rules?

Accepted Answer

The BaFin Futures Rules affects MiFID retail clients who have their country of legal residence listed as Germany, and covers all exchange-traded futures worldwide with the exception of positions opened prior to January 1, 2023.

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