# Performance Call on a Futures

I'm not a 100% on when a margin call is on a group of future contracts... The contract attributes were:

Initial Performance Bond: $1,980 Maintenance Performance Bond:$1,800
Contract size: 12,500,000 ¥
Future Foward Rate: $110.10  I needed to hedge ¥1,760,850,300 so therefore the number of contracts are 141(1760850300/12500000=141 contracts) which converted to USD is$16008174.38 .

The initial performance margin is $253,800 so a margin call would occur at when the account hits or falls below$15,754,374.38, correct?

Attached below is a screenshot of my current chart for the past week if that helps a bit more.

• I have only heard the terms initial margin and maintenance margin. I have never heard of initial 'performance' margin or maintenance 'performance' margin. The initial margin is the amount of liquidity required in the account to establish a new futures position, the maintenance margin is the amount of liquidity required to maintain the existing futures position. – Attack68 Mar 29 '19 at 5:34
• @Attack68 so I'm correct with assuming that a margin call isn't called because the position has not fell \$253,000? – Skurpiel Mar 29 '19 at 15:57
• Something looks strange. Did you really have 16 million USD in the account on 3/25? If so you are very well margined and are not going to hit the maintenance level of 253,000 for a long time (maybe never). With 16 million on deposit you could easily carry thousands of contracts. – noob2 Mar 29 '19 at 20:36