Question
Assume on Thursday, 9/5/2019, you sell one S&P 500 December 2019 futures contract at the price of $2,975. The initial margin is $35,000. You maintain
Assume on Thursday, 9/5/2019, you sell one S&P 500 December 2019 futures contract at the price of $2,975. The initial margin is $35,000. You maintain your position every day through Thursday, 10/3/2019, and then close out the contract at the settlement price on Thursday, 10/3/2019.
Construct the daily margin accounts for your position. (Note: The maintenance margin is $31,500.)
Construct the daily margin accounts for your counterpartys position.
| Daily Margin Calls (Your Position) | ||||||
| Days | Trade Price | Settlement Price | Daily Gain | Cummulative Gain/losses | Margin Account Balance | Margin Call |
| 09-05 | ||||||
| 09-05 | ||||||
| 09-06 | ||||||
| 09-09 | ||||||
| Daily Margin Calls (Your counter party's position) | ||||||
| Days | Trade Price | Settlement Price | Daily Gain | Cummulative Gain/losses | Margin Account Balance | Margin Call |
| 09-05 | ||||||
| 09-05 | ||||||
| 09-06 | ||||||
| 09-09 | ||||||
| 09-10 | ||||||
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Financial Management For Public Health And Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
7th Edition
1071835335, 978-1071835333
