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Introduction to Institutional Loans (Spot)

2024-11-01 08:000958

Bitget Institutional Loans are designed to provide competitive loan services to institutional users, helping them optimize the use of collateral assets in their Bitget spot accounts.

Key advantages

Collateral assets are locked in the Risk Unit (RU) spot sub-accounts.
As long as the risk ratio (Loan-to-value, LTV) meets the requirements, collateral assets can be traded in spot markets.
Institutional Loans support various collateral asset types.
Competitive interest rates and borrowing amounts are offered. For the latest rates, please contact your institutional account manager.

Product specifications

Two Institutional Loan products are currently available for institutional users: The product features are as follows:

Institutional Loans – 3x leverage – spot
Institutional Loans – 5x leverage – spot

Product	Institutional Loans – 3x leverage – spot	Institutional Loans – 5x leverage – spot
Customers	Institutional traders	Institutional traders
Borrowable assets	USDT	USDT
Loan leverage	3x	5x
Supported accounts	Spot sub-accounts in the Risk Unit Main accounts and accounts of other types are not supported	Spot sub-accounts in the Risk Unit Main accounts and accounts of other types are not supported
Collateral assets	Support margin assets as collateral for spot sub-accounts Allows independent configuration of spot margin currency, including collateral value ratio and maximum collateral value Note: When converting your assets into non-margin assets or margin assets with a lower collateral value ratio, you may experience immediate liquidation upon order placement if the LTV exceeds the liquidation ratio. It is crucial to manage your risk to prevent such occurrences.	Support margin assets as collateral for spot sub-accounts Allows independent configuration of spot margin currency, including collateral value ratio and maximum collateral value Note: When converting your assets into non-margin assets or margin assets with a lower collateral value ratio, you may experience immediate liquidation upon order placement if the LTV exceeds the liquidation ratio. It is crucial to manage your risk to prevent such occurrences.
Spot trading pair	Can be configured independently	Can be configured independently
Loan period	1–12 months	1–12 months
Application rules	Please contact an institutional representative to apply	Please contact an institutional representative to apply
Interest calculation	Interest is calculated daily, compounded, and paid monthly based on the user's performance in the Lending Volume event. Daily interest accrued = Outstanding loan principal x Daily interest rate	Interest is calculated daily, compounded, and paid monthly based on the user's performance in the Lending Volume event. Daily interest accrued = Outstanding loan principal x Daily interest rate
Lending account	Dedicated spot sub-account user ID in the Risk Unit	Dedicated spot sub-account user ID in the Risk Unit
Repayment rules	Repayment date: The repayment date is mutually agreed upon offline and documented in the contract agreement. Repayment scenarios 1. Scheduled repayment: You have the option to repay your loans on the agreed-upon due date. 2. Early repayment: There's also the flexibility for early repayment if desired. 3. Liquidation repayment: if LTV ≥ 90%, the system will trigger liquidation repayment to lower the LTV to about 75% of the liquidation stop level.	Repayment date: The repayment date is mutually agreed upon offline and documented in the contract agreement. Repayment scenarios 1. Scheduled repayment: You have the option to repay your loans on the agreed-upon due date. 2. Early repayment: There's also the flexibility for early repayment if desired. 3. Liquidation repayment: if LTV ≥ 90%, the system will trigger liquidation repayment to lower the LTV to about 80% of the liquidation stop level.
Risk management	Risk principle: According to the loan-to-value ratio (LTV) for risk management, the calculation formula is as follows: LTV Ratio = Remaining borrowed amount ÷ spot sub-account converted assets (RU) Remaining borrowed amount = Remaining unpaid principal + Remaining unpaid interest Spot sub-account converted assets(RU) = sum (min (Risk Unit spot sub-account margin coin quantity × index price × collateral value ratio, maximum collateral value))	Risk principle: According to the loan-to-value ratio (LTV) for risk management, the calculation formula is as follows: LTV Ratio = Remaining borrowed amount ÷ spot sub-account converted assets (RU) Remaining borrowed amount = Remaining unpaid principal + Remaining unpaid interest Spot sub-account converted assets(RU) = sum (min (Risk Unit spot sub-account margin coin quantity × index price × collateral value ratio, maximum collateral value))
Risk management	LTV trading restriction ≥ 66.67% Transfer restriction: It is prohibited to transfer collateral assets in the spot sub-account within the Risk Unit to external accounts. Your maximum transferable amount is determined by your LTV. When your LTV is < 66.67%, excess collateral assets may be transferred outside the Risk Unit. ≥ 83.33% Spot buying will be restricted within the Risk Unit. ≥ 90% Spot trading restricted: Spot buying and selling orders in the Risk Unit will be restricted.	LTV trading restriction ≥ 80% Transfer restriction: It is prohibited to transfer collateral assets in the spot sub-account within the Risk Unit to external accounts. Your maximum transferable amount is determined by your LTV. When your LTV is < 80%, you can transfer the excess collateral assets within the Risk Unit to outside. ≥ 85% Spot buying will be restricted within the Risk Unit. ≥ 90% Spot trading restricted: Spot buying and selling orders in the Risk Unit will be restricted.

Transaction restrictions

Permissions	Institutional Loans main account	Institutional Loans dedicated sub-account	Institutional Loans sub-account
Spot trading Limit order and market order	Supported	Supported	Supported
Spot copy trading	Supported	Not supported	Not supported
Spot trading Trigger OCO TP/SL Trailing stop Spot bot trading Spot grid Spot Martingale Spot auto-invest Spot CTA Spot Smart Portfolio Spot position grid	Supported	Not supported	Not supported
Convert	Supported	Not supported	Not supported

Supported collateral assets

Coins	Collateral ratio	Maximum collateral value (USDT)
USDT	100%	10,000,000
BTC, ETH, USDC	95%	5,000,000
LTC, XRP, SOL, DOGE, ADA, AVAX, NEAR, SUI, STRK	85%	3,000,000
MATIC, BCH, SHIB, ARB, GALA, ETC, WLD, SEI, ENA	75%	2,000,000
AGIX, FIL, DOT, LINK, APT, EOS, OP, TRX, PEPE, BLUR, CFX, CHZ, DYDX, FTM, MASK, NEO, TIA, XLM, YGG, FET, RNDR, BNB, WIF, RUNE	65%	1,000,000
ATOM, APE, CRV, CORE, FLOW, GMT, GRT, ICP, LDO, MKR、PEOPLE, PYTH, SAND, STX, SUSHI, TRB, 1INCH, BICO, CELO, ENS, FLOKI, FRONT, INJ, LQTY, QTUM, RAY, RON, SSV, XTZ, UNI, BGB, MAGIC, MANA, ONDO, JASMY, WAVES	55%	1,000,000

Supported spot trading pairs

All collateralized assets coin/USDT

FAQ

1. How to apply for an Institutional Loan?

Please contact your account manager or send an email request with the subject "VIP Institutional Loan Application". Our team will get back to you promptly.

2. What are the requirements for Institutional Loans?

Institutional users must complete KYB verification, and the collateral assets must be worth at least 200,000 USDT.

3. How is the loan settled after approval?

Loan settlement usually occurs immediately after the application is approved. For spot Institutional Loans, the borrowed amount will be credited to the dedicated spot sub-account once sufficient collateral is confirmed.

4. Are there any fees for Institutional Loans?

There are no transaction fees for Institutional Loans. However, interest is charged, and Bitget takes a 2% fee as a risk reserve for liquidation repayment.

5. How is the interest calculated?

Interest is calculated daily, and both the principal and interest are settled in one lump sum on the repayment date.

6. What is the loan-to-value ratio (LTV) of Institutional Loans?

The loan-to-value ratio (LTV) helps the platform calculate the loan amount you will receive based on your existing collateral assets. The calculation formula is as follows:

LTV Ratio = Remaining borrowed amount ÷ (Risk Unit spot sub-account converted assets)

You can manage your LTV ratio by transferring assets to/from your spot sub-account Risk Unit

You can query the LTV risk through OpenAPI.

7. Introduction to risk management rules

For Institutional Loans with 5x leverage (Spot), the risk restrictions are as follows:

LTV Ratio = Remaining borrowed amount ÷ spot sub-account converted assets (RU)
Remaining borrowed amount = Remaining unpaid principal + Remaining unpaid interest
Spot sub-account converted assets(RU) = sum (min (Risk Unit spot sub-account margin coin quantity × index price × collateral value ratio, maximum collateral value))

The lower the LTV, the safer the collateral assets and the lower the risk of liquidation.
LTV ≥ 80%

Transfer restriction: It is prohibited to transfer collateral assets in the spot sub-account within the Risk Unit to external accounts.

LTV ≥ 85%

Spot buying will be restricted within the Risk Unit.

LTV ≥ 90%

Spot trading restricted: Spot buying and selling orders in the Risk Unit will be restricted.
Institutional Loan liquidation repayment will be triggered.

8. What is the liquidation repayment process?

For Institutional Loans with 5x leverage (Spot), the liquidation repayment process works as follows

when the LTV ratio reaches or exceeds the liquidation ratio:

1) Canceling active orders: Any active spot orders within the Risk Unit are canceled.

2) No-loss payment: If the available USDT in the Risk Unit is sufficient for repayment, the system will transfer the amount to the dedicated spot sub-account to reduce the LTV ratio from 90% to approximately 80%.

Otherwise, the following steps will be taken:
3) Loss repayment

Accounts within the Risk Unit that need to be liquidated will be selected to reduce the risk ratio to around 80%.

The system calculates the coins and quantity that each sub-account in the Risk Unit should repay based on the repayment amount.
The selection process will prioritize accounts based on the total equity amount from highest to lowest and transfer assets to the dedicated sub-spot account for repayment.

The system will automatically convert the margin assets in the dedicated spot sub-account into borrowed currency for repayment, reducing the risk rate to around 80% and completing the liquidation.

If the LTV ratio remains at or above 85%, the system will take control of all assets across the user's accounts to repay the liabilities.

Liquidation settlement

A settlement fee will be collected by the Loans Insurance Funds using the following formula:

Liquidation fee = liquidation repayment amount × 2%

Please monitor your risk level closely to avoid liquidation.

9. Can I use borrowed USDT for futures trading?

This is not supported currently. The LTV risk rate will increase after transferring assets from the Risk Unit to futures accounts.

10. Can I access institutional lending through the API?

Yes, Bitget supports institutional lending via API access. For more information on the API, you can refer to Institutional Loan Open API.

Introduction to Institutional Loans (Spot)

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