FO CH2
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Set of flashcards Details
| Flashcards | 20 |
|---|---|
| Language | English |
| Category | Marketing |
| Level | Vocational School |
| Created / Updated | 29.11.2017 / 29.11.2017 |
| Weblink |
https://card2brain.ch/box/20171129_fo_ch2
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- Which of the following is true
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- Which of the following is NOT true
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- 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
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- 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?
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- 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 What futures price will allow $2,000 to be withdrawn from the margin account?
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- 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?
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- Who initiates delivery in a corn futures contract
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- 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?
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- 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.
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- 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.
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- 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
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