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You have gone long 10 June Crude Palm Kernel Oil futures contracts. The future price is RM1,800 per ton. Given the following information, determine the

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You have gone long 10 June Crude Palm Kernel Oil futures contracts. The future price is RM1,800 per ton. Given the following information, determine the daily marking-to-market adjustment to both you and the counterparty account. (Assuming same total value) Contract size Initial margin Maintenance margin = 10 tons per contract 10 percent of total value = 70 percent of initial margin Day Future settlement price (RM) 1,800 Your account adjustment(RM) Balance (RM) Counterparty adjustment(RM) Balance (RM) 0 1 2,000 N 1,990 3 1,950 4 4 2,100 (15 marks)

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