So hypothetically, a $100,000 account, that is funded with $75,000 worth of T-bills, and $25,000 worth of cash, is able to be traded with SPAN margin for $96,250 of the $100,000
($75,000 x .95 = $71,250 + $25,000 = $96,250)?
Also, my potential losses would need to stay below $25,000, so as to...