Question: Based on the following data, tables and the operations described in the text, ll in the blanks in the table given on p 6 below:


Based on the following data, tables and the operations described in the text, ll in the blanks in the table given on p 6 below: i.e, the marking to market process and the margin account All purchases and sales are assumed, for simplicity. to take place at the settlement price on the day of the trade( The required initial and maintenance margins per contract are as follows\": Spot-month Nonspot month Initial $ 3,000 $ 2,000 Maintenance $ 2,100 $ 1,400 In your calculation you m use 42,000 gallons per contract. The Table imposes on the customer's daily changes in the margin account. It also assumes that the account is opened on April 3 with a deposit of $5,000, in anticipation of making future trades, and it requires to fill in the blanks in the two blank columns (Marking to market and Margin account) in accordance with the daily transactions made in the margin account, from April 3 through April 24, because of the cal-oil: a 11
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