题目
Which one of the following statements is incorrect regarding the margining of exchange-traded futures contracts?
选项
A.Day trades and spread transactions require lower margin levels.
B.If an investor fails to deposit variation margin in a timely manner the positions may be liquidated by the carrying broker.
C.Initial margin is the amount of money that must be deposited when a futures contract is opened.
D.A margin call will be issued only if the investor\u2019s margin account balance becomes negative.
答案
D
解析
When the balance in the margin account falls below the maintenance margin, broker executes a margin call. The next day, the investor needs to “top up” the margin account back to the initial margin level.当保证金账户中的余额低于维持保证金时，投资者收到补充保证金通知。收到补充保证金通知后，投资者需要将保证金账户补交到最初的保证金水平。