6️⃣Maximum leverage
Securd leverages on the value at risk and equivalently the VeV to define the liquidation threshold which in turn determines the maximum leverage ratio. :
| Grade | Max Leverage |
|---|---|
AAA | 20 |
AA | 18 |
A | 16 |
BBB | 12 |
BB | 8 |
B | 4 |
Table 9: Maximum leverage ratio with respect to grade.
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