QUESTION 2: (15 Marks) You have gone long 4 September CPO futures contracts. The futures price is now RM1,800 per tonne. Assuming a counterparty has the same total level value, determine the daily marking-to-market adjustment to both accounts and the balance on the 5th Day. Contract size = 25 tonnes Initial margin = 10% of total value Maintenance = 70% of initial margin Futures Your sett. account Counterparty Day Price adjustment Balance adjustment Balance 0 RM1,800 1 RM1,820 2 RM1,790 3 RM1,770 4 RM1,800 5 RM1,810