Question: What is the main difference between a Clearing house and brokerage relative margin requirements Initial Margin and Maintenance Marging are for brokers while for a

What is the main difference between a Clearing house and brokerage relative margin requirements

Initial Margin and Maintenance Marging are for brokers while for a clearing house only the initial margin exists

Clearing Houses need to have initial margin and maintenance margin requirements and brokers need to carry maintenance margin only

No difference both clearing houses for futures and brokerages carry both initial and margin requirements

NONE OF THE ABOVE

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