FRM Part I
85 practice questions with detailed explanations
Question 1 of 85MediumFinancial Markets & Products
Hartwell Trading holds a long position in 200 crude oil futures contracts (1,000 barrels each) at $72.50 per barrel. The initial margin is $6,500 per contract and the maintenance margin is $5,000 per contract. At the end of the trading day, crude oil settles at $71.20. What is the margin call amount, if any?