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How bank "line of credits" work ?

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How Ironbeam Holding cost/ Margin works in Futures- MYM with example

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User Case Why You Don't Meet the Requirement Margin requirements are based on  Net Liquidation Value (NLV)  (your cash balance plus/minus your unrealized gains or losses).   Ironbeam  +1 In your scenario: Account Cash Balance:  $1,750 Current Unrealized Loss:  -$600 Your Current Equity (NLV):   $1,150  ($1,750 - $600) Required Margin to Hold:   $1,505 Deficit:   -$355  ($1,150 - $1,505)   Ironbeam Because your account equity ($1,150) is less than the required overnight margin ($1,505), you are in a  margin deficit .   Ironbeam  +1 What Happens If You Keep It Open If you attempt to hold this position past the daily close (4:00 PM CT) or into the weekend: Liquidation Risk:  Ironbeam's risk desk may  automatically liquidate  your position to protect the account from further losses. Margin Call Fees:  If you are not liquidated but enter a margin call state, Ironbeam typically charges a  margi...
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