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This flashcard set covers the basics of futures contracts and their role in the commodity market, tailored for vocational school students. It delves into key concepts like contract pricing, margin accounts, and market positions, with a focus on commodities such as corn. The flashcards are designed for traders and investors looking to understand the mechanics of futures trading, including order types, clearing processes, and regulatory aspects. The set provides practical examples and scenarios to illustrate how futures contracts are used for hedging and speculation, making it a valuable resource for those aiming to navigate the complexities of the futures market.
Karten
20
Lernende
1
Sprache
Englisch
Kategorie
Marketing
Stufe
Berufslehre
Erstellt / Aktualisiert
29.11.2017 / 29.11.2017
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- 1 / 20
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Lernkarten
- Which of the following is true
- Which of the following is NOT true
- In the corn futures contract a number of different types of corn can be delivered (with price adjustments specified by the exchange) and there are a number of different delivery locations. Which of the following is true
- A company enters into a short futures contract to sell 50,000 units of a commodity for 70 cents per unit. The initial margin is $4,000 and the maintenance margin is $3,000. What is the futures price per unit above which there will be a margin call?
- A company enters into a long futures contract to buy 1,000 units of a commodity for $60 per unit. The initial margin is $6,000 and the maintenance margin is $4,000. What futures price will allow $2,000 to be withdrawn from the margin account?
- One futures contract is traded where both the long and short parties are closing out existing positions. What is the resultant change in the open interest?
- Who initiates delivery in a corn futures contract
- You sell one December futures contracts when the futures price is $1,010 per unit. Each contract is on 100 units and the initial margin per contract that you provide is $2,000. The maintenance margin per contract is $1,500. During the next day the futures price rises to $1,012 per unit. What is the balance of your margin account at the end of the day?
- A hedger takes a long position in a futures contract on a commodity on November 1, 2012 to hedge an exposure on March 1, 2013. The initial futures price is $60. On December 31, 2012 the futures price is $61. On March 1, 2013 it is $64. The contract is closed out on March 1, 2013. What gain is recognized in the accounting year January 1 to December 31, 2013? Each contract is on 1000 units of the commodity.
- A speculator takes a long position in a futures contract on a commodity on November 1, 2012 to hedge an exposure on March 1, 2013. The initial futures price is $60. On December 31, 2012 the futures price is $61. On March 1, 2013 it is $64. The contract is closed out on March 1, 2013. What gain is recognized in the accounting year January 1 to December 31, 2013? Each contract is on 1000 units of the commodity.
- The frequency with which futures margin accounts are adjusted for gains and losses is
- Margin accounts have the effect of
- Which entity in the United States takes primary responsibility for regulating futures market?
- For a futures contract trading in April 2012, the open interest for a June 2012 contract, when compared to the open interest for Sept 2012 contracts, is usually
- Clearing houses are
- A haircut of 20% means that
- With bilateral clearing, the number of agreements between four dealers, who trade with each other, is
- Which of the following best describes central clearing parties
- Which of the following are cash settled
- A limit order
