Question
5. You buy a futures contract at $1.8/BP, contract size = BP 62,500; initial margin = $2,500; maintenance margin = $2,000. Complete the following table
5. You buy a futures contract at $1.8/BP, contract size = BP 62,500; initial margin = $2,500;
maintenance margin = $2,000. Complete the following table
| Business Date
| Day 0 | Day 1 | Day 2 |
| Future Price
| $1.8/BP | $1.799/BP | $1.780/BP |
| Daily gain/loss
| 0 |
|
|
| Remaining balance
| - |
|
|
| Variation Margin
| 0 |
|
|
| Balance
| $2,500 |
|
|
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Electronic Data Processing Controls And Auditing
Authors: W.Thomas Porter
1st Edition
0534009336, 978-0534009335
