Question
Assume that you bought 20 futures contracts for $212 for each contract. Assume also that your initial margin required by your broker is $10 per
Assume that you bought 20 futures contracts for $212 for each contract. Assume also that your initial margin required by your broker is $10 per contract while your maintenance margin is $8 per contract. You need to complete the following table
| Day | Your Beginning Balance |
| Your deposits | The Futures price | Price Change | Gains (loss) | Your Ending Balance |
| 0 |
|
|
| 212 |
|
|
|
| 1 |
|
|
| 211 |
|
|
|
| 2 |
|
|
| 214 |
|
|
|
| 3 |
|
|
| 209 |
|
|
|
| 4 |
|
|
| 210 |
|
|
|
| 5 |
|
|
| 204 |
|
|
|
| 6 |
|
|
| 202 |
|
|
|
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Commodity Finance Principles And Practice
Authors: Weixin Huang
1st Edition
1781371938, 978-1781371930
