Asian Fund had the following trades in SingTel in the CFD market. The counterparty is Jing Jang & Co., which collects a margin of 10 percent of the value of the contract up front. The funding cost of a long position is calculated at 2 percent per month for overnight carry of position. Jing Jang

& Co. pays interest at 6 percent per annum on the margin money deposited with them. The fund introduced US$1 million on February