How do I calculate my margin requirement for a CFD commodity position?

The following example is based on trading one standard lot on WTI Crude Oil: Product: WTI.fsPosition Size: 1 standard lotPrice: $41.58Contract Size: 1000 barrelsContract Value: $10 per pointMargin Requirement: 1%Total Exposure: 41.58 * 1000 = 41,580 USDMargin: 1% * $41,580 = $415.80 USD^ ^You will need to convert the margin amount into your base currency if it is different to the currency of the index your position is opened.