{"id":7560,"date":"2025-12-09T17:57:24","date_gmt":"2025-12-09T23:57:24","guid":{"rendered":"https:\/\/librarytestdev.wpenginepowered.com\/?post_type=doc&#038;p=7560"},"modified":"2026-01-06T17:30:20","modified_gmt":"2026-01-06T23:30:20","slug":"credit-check-formula","status":"publish","type":"doc","link":"https:\/\/library-test.tradingtechnologies.com\/setup\/risk-management\/pre-trade-portfolio-risk\/reference-pre-trade-portfolio-risk\/credit-check-formula\/","title":{"rendered":"Credit Check Formula"},"content":{"rendered":"\n<!-- pages using refernce-tab-list layout will not trigger this condition. The Heading will be set in that layout file-->\n\n  \n     <!-- in source YML header, should also match the filename\/url -->\n       \n        \n\n        \n      \n          \n      \n\n\n\n\n\n\n\n \n\n\n\t\n      <div>\n\n<p>The formula used for the credit check is as follows:<\/p>\n\n<p><i>cost = Legacy TT Margin + Portfolio SPAN Margin &#8211; Open Trade Equity + Options Premium (filled orders) + Working Long Options Premium<\/i><\/p>\n\n<table class=\"table table-striped table-bordered\" border=\"1\"><thead>\n    <tr>\n      <th>Cost<\/th>\n      <th>Total credit requirement for the account.<\/th>\n    <\/tr><\/thead>\n  <tbody>\n    <tr>\n      <td>Legacy TT Margin<\/td>\n      <td>Margin requirement for products in a market which is not enabled for Pre-Trade Portfolio Margin.<\/td>\n    <\/tr>\n    <tr>\n      <td>Portfolio SPAN Margin<\/td>\n      <td>Margin requirement for Pre-Trade Portfolio Margin enabled markets, this includes Initial Margin Requirements and the Net Option Value (if applicable).<br><p><img decoding=\"async\" class=\"img-responsive\" src=\"https:\/\/library-test.tradingtechnologies.com\/wp-content\/uploads\/2025\/12\/ptpr-portfolio-span-margin-formula.png\"> \n      <\/p><\/td>\n    <\/tr>\n    <tr>\n      <td>Open Trade Equity<\/td>\n      <td>The open trade equity (marked to market P\/L) of positions (excluding options margined Equity-Style), is calculated using midpoint.<\/td>\n    <\/tr>\n    <tr>\n      <td>Options Premium (filled orders)<\/td>\n      <td>Premium on filled positions for options margined Equity-Style.<\/td>\n    <\/tr>\n    <tr>\n      <td>Working Long Options Premium<\/td>\n      <td>Estimated premium for long options margined Equity-Style.<\/td>\n    <\/tr>\n  <\/tbody><\/table>\n\n<p><span class=\"label-info label\">Note<\/span> If Net Option Value exceeds the value of Initial Margin for orders and positions, a cost-credit is created within the same exchange.<\/p>\n\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The formula used for the credit check is as follows: cost = Legacy TT Margin + Portfolio SPAN Margin &#8211; O [&hellip;]<\/p>\n","protected":false},"author":2,"template":"","meta":{"_acf_changed":false,"footnotes":""},"docs-category":[943],"class_list":["post-7560","doc","type-doc","status-publish","hentry","docs-category-reference-pre-trade-portfolio-risk"],"acf":[],"_links":{"self":[{"href":"https:\/\/library-test.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/doc\/7560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/library-test.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/doc"}],"about":[{"href":"https:\/\/library-test.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/types\/doc"}],"author":[{"embeddable":true,"href":"https:\/\/library-test.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/users\/2"}],"version-history":[{"count":0,"href":"https:\/\/library-test.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/doc\/7560\/revisions"}],"wp:attachment":[{"href":"https:\/\/library-test.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/media?parent=7560"}],"wp:term":[{"taxonomy":"docs-category","embeddable":true,"href":"https:\/\/library-test.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/docs-category?post=7560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}