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Question 2 (30 marks) The following table contains information extracted from the Hang Seng Index Futures Daily Market Report as of the end of the

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Question 2 (30 marks) The following table contains information extracted from the Hang Seng Index Futures Daily Market Report as of the end of the day on 24 August 2018. Excerpts of Hang Seng Index Futures Daily Market Report (24 August 2018) Contract! Ope Daily high DailySettlement Change Month Aug-2018| 27,54627,78227,44727,595 Sep-201827,433 27,69927,372 27,503 Dec-2018 27,453 27,71927,42527,539 Mar-2018 27,484 27,766 27,48027,575 price low price 92 -114 116 -114 Notes: 1 HSI futures contract multiplier: HKD50 per index point 2 Initial margin: HKD133,399 3 Maintenance margin: HKD106,719

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