Which of the following statements about margin is true?
a) A Trading Participant may request from its Clients for margins above the minimum required by the Clearing House.
b) Each Client’s Open Positions must be marked to market daily and additional call for margins must be made if necessary.
c) Where margins are required, the Trading Participant must obtain a minimum initial margin and maintain the amount of minimum margins on all Open Positions.
d) A Trading Participant may Close Out any Open Position of a Client where the Client fails to comply with a demand for margin within 1 hour from the time of demand.
Which of the following statements regarding trade price adjustments is false?
a) The Exchange may adjust trade prices or cancel trades where it believes such action is necessary in the interest of an orderly and fair market.
b) The Exchange may review a trade executed on its own volition or upon the request of a Trading Participant.
c) If the price of the trade under review is determined to be within the Non-Reviewable Range, the trade will be cancelled.
d) If the price of the trade under review is determined to be outside the Non-Reviewable Range, the price of the trade may either be adjusted or cancelled as the Exchange sees fit.