Series 3 · Category study
Series 3 Margins, Settlement & Delivery Study Guide
Margin and settlement questions test whether you understand how futures positions are collateralized and adjusted daily, and how delivery works when contracts are held to expiration.
What this topic covers
Distinguish initial and maintenance margin, explain marking to market, and know the difference between cash settlement and physical delivery at a conceptual level.
ExamYield currently includes 50 original practice questions in this category.
Important concepts
- Initial and maintenance margin
- Variation margin and marking to market
- Settlement methods
- Delivery notices and timing themes
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