CFA CFA Level 1 Margin calls: futures vs equities

Margin calls: futures vs equities

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      What’s the difference between the two? If my memory serves me right, a margin call for equities requires an investor to post variation margin up to the MAINTENANCE margin level; a margin call for futures requires the investor to post variation margin up to the INITIAL margin level. Reading on Investopedia about this and I think they may have it wrong over there, but wanted to check…

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      @kawigreen you’re right. Perhaps Investopedia is outdated then.

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