Regulations Governing Futures Commission Merchants Article 48

A futures commission merchant shall set up an itemized account record for each customer, and on a daily basis shall calculate the balance of cash and securities on deposit in each customer's margin account and changes of the actual marginable value of securities and prepare an itemized statement for each customers' margin account.After making the calculation referred to in the preceding paragraph, the futures commission merchant shall proceed with the following steps; provided that if it engages in foreign futures trading, and the rules of the foreign futures exchanges provide otherwise, such provisions shall be followed:1. A futures trader's trading loss shall be deducted from his/her margin account.2. A futures trader's trading gains shall be deposited into his/her margin account.3. When the sum of the balance of the deposits and the actual marginable value of securities in a customer's margin account is less than the amount of maintenance margin, the futures commission merchant shall notify the customer to deposit additional equity in the margin account so that the balance will return to the original amount.4. When the sum of the balance of the deposits and the actual marginable value of securities in a customer's margin account is more than the amount of initial margin, the futures commission merchant shall make withdrawal and payment according as requested by the customer.The additional equity referred to in subparagraph 3 of the preceding paragraph shall be paid within the time limit prescribed in the brokerage contract.