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Yesterday, you bought one futures contract on S&P 500 index at $2700. The contract size is 50. Initial margin requirement is $30,000, and maintenance margin
Yesterday, you bought one futures contract on S&P 500 index at $2700. The contract size is 50. Initial margin requirement is $30,000, and maintenance margin requirement is $27,000. And the position is closed after 8 trading days at futures price of $2730.41. Please mark to market for your position by completing the daily settlement table in Excel file. If there is margin call, you should mark out and deposit an amount of cash into your margin account. (post your table here as your solution)
date | settlement price | position market value | mark to market (porfit / loss) | other entries (margin call deposit) | margin account balance | |
position opened (day 0) | 2700.00000 | initial margin: 30,000 | 30000.00 | |||
day 1 | 2712.00000 | |||||
day 2 | 2693.00000 | |||||
day 3 | 2693.30000 | |||||
day 4 | 2633.13000 | |||||
day 5 | 2718.30000 | |||||
day 6 | 2734.80000 | |||||
day 7 | 2728.64000 | |||||
day 8 | 2730.41000 | |||||
position closed (8/18) | 2730.41000 | profit or loss = | ||||
profit/losss = |
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