Question
You took a short futures position in 10 contracts, covering each 100 ounces of gold at a price of $276.5 per ounce. The initial and
You took a short futures position in 10 contracts, covering each 100 ounces of gold at a price of $276.5 per ounce. The initial and the maintenance margin requirement are respectively $1500 and is $1100 per contract. No withdrawal in any excess margin will be made. Ignore any interest on the balance.
(a) What is the maintenance margin amount on your position?
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Mastering Anti Money Laundering And Counter Terrorist Financing A Compliance Guide For Practitioners
Authors: Tim Parkman
1st Edition
1292282355, 978-1292282350
