Exposure map
Namibia payment journey: Public lists cannot confirm what is enabled for one profile. Use the authenticated Personal Area (PA) as the live source for methods, limits, fees and processing estimates.
| Position | Gross | Net |
|---|---|---|
| Buy 1 + Sell 1 same symbol | 2 lots | 0 directional lots |
| Buy 1 + Sell 0.4 | 1.4 lots | 0.6 long |
| Correlated symbols | Separate contracts | Correlation-based, unstable |
| Different accounts | No combined margin treatment | Portfolio view required |
Cost ledger
Add spread and commission for both legs, plus swap/admin fees while held. A locked price difference can still deteriorate through ongoing costs and currency conversion.
Unhedging checklist
- Choose which leg closes first.
- Recalculate net exposure.
- Recalculate required margin/HMR.
- Check spread/session.
- Set SL on remaining leg.
- Confirm free margin after any withdrawal.
When a direct close is clearer
If the original thesis is invalid, closing can reduce gross exposure and complexity. Hedge only when a written event/exit plan justifies two positions.
Payment-capital implication
Do not deposit more solely to maintain an indefinite lock. Compare the cost of closing with the projected two-leg holding cost and preserve a withdrawal buffer.
Official source
Hedged margin and margin rules
Frequently asked questions
Does a hedge cancel both trades?
No. Both remain open until closed. Verify the current Namibia Personal Area method, ownership, limits, currency, status and supporting evidence first.
Is matched margin always zero cost?
No. Trading and holding costs remain.
What happens when one leg closes?
Net exposure and required margin can rise immediately.
Can I withdraw the released margin?
Recalculate remaining-position buffer before any withdrawal.