n NISM Certifications
VII NISM Series VII
Medium

The exposure margin for Index Futures contracts is ______ percent, which is scaled up by the Margin Period of Risk (MPOR).

Practice question from NISM Series VII Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    2

  2. 3

    Correct answer

  3. C

    4

  4. D

    5

Why this is the answer

In addition to initial margins, clearing members must maintain an exposure margin of 3% on the notional value of gross open positions in index futures, adjusted by the MPOR.

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NISM Series VII Mock Test 2