Below is the contract specification for the Shanghai Stock Exchange 50 (SSE50) index futures traded on the CFFEx:

Contract Name Quoted Units Contract Multiplier Tick Size Minimum Margin per contract

SSE50 Index Index Point CNY 300 0.2 points CNY 75,000

The June contracts is trading at 2,746 point and Tom has just sold two June contracts at this price. His margin account balance is CNY 192,100. Assume these futures is the only position in his accoun.

a) What is the value of the future contract position to Tom at this moment of time?

b) At what futures index level Toms margin account will be credited with CNY 19,200.

c) At what futures index level a margin call will be triggered against Toms margin account.