When do I need to have Initial Margin per contract?

When do I need to have Initial Margin per contract?

Accounts are required to meet the Initial Margin per contract to carry a newly opened position (as of that days trading session) through the close of trading. You must have the full Initial Margin per contract in your account. 

Example: You have a Net Liquidating Value of $20,000, and currently are long 4 Emini S&P contracts.  The Emini S&P has an Initial Margin requirement of $6,930 (as of 9/01/2019). 4 ES contracts have an Initial Margin requirement of $27,720 (4 x $6,930). You must reduce your position by 2 contracts in order to carry through the close. (2 x $6,930 = $13,860). 

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