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Assume on 27 June 2020, you purchase one December FBMKL CI futures contract at 1,550 and hold the positions for five days. The initial margin
Assume on 27 June 2020, you purchase one December FBMKL CI futures contract at 1,550 and hold the positions for five days. The initial margin for FBMKL CI futures is RM4,000. The maintenance margin is RM4000. Given the following daily settlement prices, construct a table showing the variation margin and the margin call (if any). Date Settlement Price 27 June 1,550 28 June 1,530 29 June 1,515 30 June 1,555 31 June 1,475
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