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You have gone short 10 June copper futures contracts. The futures price is RM2000 per ton. Given the following information, determine the daily mark-to-market adjustment
You have gone short 10 June copper futures contracts. The futures price is RM2000 per ton. Given the following information, determine the daily mark-to-market adjustment to both you and counter party's account. Contract size: 10 tons per contract Initital margin: 15% of total value Maintenance margin: 65% of initial margin
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