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I don't believe that is the correct definition of maintenance margins. The
initial margin is required per contract on the day of the futures trade,
while only the maintenance margin is required per contract every day
thereafter so long as the futures position remains outstanding. Your
broker can provide you with the latest margin requirements - initial,
maintenance and daytrading.
-----Original Message-----
From: Terry S. Smith <tesla@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Monday, November 16, 1998 8:39 AM
Subject: Re: Account Requirements
>The Maintenance requirements are as follows. Maintenance is a day trading
>margin only.
>
>1. S&P's $13,500
>
>2. Nyfe $5,000.
>
>3. Bonds $2,000.
>
>Good Day.
>-----Original Message-----
>From: jdfo <jdfo@xxxxxxxxx>
>To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>Date: Monday, November 16, 1998 7:26 AM
>Subject: Account Requirements
>
>
>>At PMB, what are the deposit requirements to open an account to trade each
>>of the following:
>>
>> S&P (day trading account, no overnight positions)?
>> NY Index (Knife; again no overnight positions)?
>> Bonds (no overnight positions)?
>>
>>
>>
>>Many thanks,
>>
>>John
>>jdfo@xxxxxxxxx
>>
>>
>>
>
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