Schweser says: If the margin balance falls below the maintenance margin, a trader will get a margin call. Now the trader must bring the margin balance up to the initial level. The initial level Schweser is referring to is “Maintenance margin” And not Initial margin. Can someone confrim this please? Thanks
depends on what kind of account. if we’re talking futures, they’d have to bring it back to initial margin. if its a normal brokerage account, it would be maintenence level.
Chicago_Bull, Make sure you understand the differences between Margins in Securities Mkts and Margins in Future Markets. They list differences in bk5 , pg 188-189.
so for futures account, we bring it back to Initial margin for equity account, we bring back to Maintenance margin. Initial margin > Maintenance margin.