Question
On 05-Oct-2018, you find the below specifications for Nov2018 Aluminum Futures in MCX (https://www.mcxindia.com/en/market-data/get-quote/ALUMINIUM/30NOV2018). If you want to long 6 contracts in this future, what
On 05-Oct-2018, you find the below specifications for Nov2018 Aluminum Futures in MCX (https://www.mcxindia.com/en/market-data/get-quote/ALUMINIUM/30NOV2018). If you want to long 6 contracts in this future, what will be your initial margin deposit and maintenance margin amount?
Symbol: ALUMINIUM
Delivery Unit: 5 MT (1 MT = 1 Metric Ton = 1000 kgs)
Expiry: 30NOV2018
Last Traded Price: 111.80 / kg
Initial Margin: 4%
Maintenance Margin: 75% of Initial Margin
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
