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^(* ̄(oo) ̄)^进击ing🍬🍬 · 2020年05月23日

问一道题:NO.PZ2020020601000007

问题如下:

In the futures market, how is the margin account between a retail trader and his/her broker managed differently from that between a CCP member and the CCP?

选项:

解释:

In the case of a retail trader, there is an initial margin and a maintenance margin. The margin account balance is adjusted each day to reflect gains and losses. If the balance in the margin account falls below the maintenance margin level, the trader is asked for funds to bring the balance up to the initial margin level. For the member of an exchange, the maintenance margin and the initial margin are effectively the same.

这题答案内容在讲义上吗???

1 个答案

小刘_品职助教 · 2020年05月24日

同学你好,

这题的后半段讲义上是有的,可以看一下基础班讲义646页。前半段在计算margin account的时候是讲过的,也比较好理解,你是一个期货投资者,账户是每日盯市的,所以会有两个概念 initial margin和maintenance margin。

646页的讲义截屏如下: