QUESTION 6 The initial margin for traders in the SP1200 contract is $7,655 per contract...
60.1K
Verified Solution
Link Copied!
Question
Finance
QUESTION 6 The initial margin for traders in the SP1200 contract is $7,655 per contract and the maintenance margin is $5,749 per contract. Consider the following table of trades in the SPI futures contract. At the opening of trading the next day, how much was transferred to your clearing house account and by whom? Value Gain / Loss Number of contracts Level Open traded Position 15 (ie long 15 contracts) 7030 -25 (ie short 25 contracts) 7053 -10 6974 -20 6993 35 7040 Close 6959 a. $18,000 by the people who lost money b. $36,000 by the people who lost money C. Nil be nobody d. $18,000 by you
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
