Current location - Trademark Inquiry Complete Network - Futures platform - Calculation of futures margin
Calculation of futures margin
On * *, an investor had 65,438+000,000 yuan in his account. The next day, he sold 20 soybean futures contracts (each 10 ton) at a price of 3,000 yuan/ton. Assume that the margin ratio of exchange futures contracts is 10%, and the transaction fee per hand is 10 yuan. Excuse me: (1) Is the investor's deposit sufficient? (2) When the settlement price drops to 2700 yuan/ton, how much money is left in the investor's account?

(1) Is the investor's deposit sufficient?

Transaction fee = 10 yuan *20=200.

Margin =3000 yuan/ton * 10 ton/lot *20 lots * 10%=60000.

Book balance at this time: 100000-60000-200=39800.

So at this time, the deposit is sufficient.

(2) When the settlement price drops to 2700 yuan/ton, how much money is left in the investor's account?

Down to 2,700 yuan/ton, earning 300 yuan per ton,

Earn in one hand: 300 yuan/ton * 10 ton/hand = 3,000 yuan/hand.

Earn money in 20 lots: 3,000 yuan/lot *20 lots = 60,000 yuan.

At this time, the remaining funds in the book = margin+remaining funds in the book +20 earned funds = 60000+39800+60000 =159800.

On a certain day in a certain month, an investor deposited 30,000 yuan into his account for futures trading. The next day, he sold 10 lots of wheat futures contracts (each lot 10 tons) at a price of 2800 yuan/ton. Assume that the wheat margin ratio of the exchange is 10%. Question: (1) If the settlement price of wheat drops to 2600 yuan/ton, do you want to ask Mr. Zhang for additional margin? If so, how much should I add? (2) If the settlement price of wheat in the later period rises to 3,000 yuan/ton, do you want to ask Mr. Zhang for additional margin? If so, how much should I add? [There is no handling fee in the title, so it is assumed that the handling fee is 10 yuan/hand].

(1) If the settlement price of wheat drops to 2600 yuan/ton, ask Mr. Zhang to add a deposit? If so, how much should I add?

Margin =2800 yuan/ton * 10 ton/hand * 10 hand * 10%=28000 yuan.

Handling fee = 10 yuan/hand * 10 hand = 100 yuan.

Book balance: 30,000-28,000 -6.5438+000 = 6.5438+0.900.

Money earned when a ton falls to 2,600 yuan/ton: 2,800 yuan/ton-2,600 yuan/ton =200 yuan/ton.

Money earned per hand: 200 yuan/ton * 10 ton/hand =2000 yuan/hand.

10 hand to earn money: 2000 yuan/hand * 10 hand =20000 yuan.

At this time, book funds = margin+remaining book funds+10 hand-earned funds.

= 28,000 yuan+65,438 yuan+0,900 yuan+20,000 yuan = 49,900 yuan

(2) If the settlement price of wheat in the later period rises to 3,000 yuan/ton, do you want to ask Mr. Zhang for additional margin? If so, how much should I add?

Margin =2800 yuan/ton * 10 ton/hand * 10 hand * 10%=28000 yuan.

Handling fee = 10 yuan/hand * 10 hand = 100 yuan.

Book balance: 30,000-28,000 -6.5438+000 = 6.5438+0.900.

When it rises to 3,000 yuan/ton, the loss per ton is: 2,800 yuan/ton-2,600 yuan/ton =200 yuan/ton.

Loss fund per hand: 200 yuan/ton * 10 ton/hand = 2,000 yuan/hand.

10 lot loss fund: 2000 yuan/lot * 10 lot =20000 yuan.

At this time, book funds = margin+book remaining funds-10 loss funds.

= 28,000 yuan+1900 yuan-20,000 yuan = 9,900 yuan.

But this is the result of liquidation. If the book funds need to be withdrawn from the deposit before liquidation.

Namely: 9900 yuan -28000 yuan =- 18 100 yuan.

At this time, an additional deposit of 18 100 yuan is required.