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The "net position" of a federal agency may include all of the following components, except:
Initial Margin
The upfront payment required when opening a position in the futures market, serving as a guarantee for future contract fulfillment.
Primary Market
The market in which new issues of securities are offered to the public.
Initial Margin
The portion of the purchase price that an investor must deposit as collateral when buying on margin, to cover credit risk.
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