CME Margin Adjustments, 10/1/08

Initial is the margin you need to initiate or open a new contract. Once the position is opened, the maintenance is the account balance required before a margin call is received.
 
Quote from JonathanMtl:

Can someone explain the difference between initial and maintenance margin? Is maintenance valid once you are in a position? thanks

I think Initial is the margin capital requirement to open a single contract while Maintenance is an additional capital requirement to hold positions overnight.

Basically, if you are a daytrader and you are always flat by 4.15pm, you can look at Initial.

If you want to take positions overnight or beyond 4.15pm, you must look at Initial + Maintenance.
 
Quote from fseitun:

I think Initial is the margin capital requirement to open a single contract while Maintenance is an additional capital requirement to hold positions overnight.

Basically, if you are a daytrader and you are always flat by 4.15pm, you can look at Initial.

If you want to take positions overnight or beyond 4.15pm, you must look at Initial + Maintenance.

No.
Initial is first session's margin requirement. Maint is the subsequent sessions' margin requirement. Session is demarcated by settle times.
 
Quote from scriabinop23:

No.
Initial is first session's margin requirement. Maint is the subsequent sessions' margin requirement. Session is demarcated by settle times.

Would you mind providing an example for a daytrader vs a swing trader?
 
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