Certain Options. Markets operate on a margined basis, under which buyers do not pay the full premium on their option at the time they purchase it. In this situation you may subsequently be called upon to pay margin on the option up to the level of your premium. If you fail to do so as requi red, your position may be closed or liquidated in the same way as a futures position.
Appears in 3 contracts
Sources: Eligible Counterparty Agreement, Eligible Counterparty Agreement, Eligible Counterparty Agreement