Note: Copy the question tables and paste them into the answer panel. Then populate the tables with your calculated value

[answerhappygod]

Note: Copy the question tables and paste them into the
answer panel. Then populate the tables with your calculated
values. Alternatively, you could copy and paste (as text
, not html) the tables into Excel, populate, then
paste into the answer panel or upload the Excel file.
On 1 October, an Australian bank goes short ten 90-day
bank-accepted bill futures contracts
at 93.94 and posts an
initial margin with its broker in the amount of $1,200 per
contract. The broker requires a minimum of $1,000 in the account
(per contract). If the account drops below $1,000 (per contract),
the broker gives the bank a call and the bank is required to ‘top
up’ the margin account to $1,200 (per contract) again. The 90-day
bank-accepted bill futures closes
at 94.00 on 1 October,
at 93.84 on
2 October and
at 94.05 on
3 October. Determine the amount of margin the bank has in its
account after net settlement each day by filling in the missing
cells. For simplicity, assume that the value of one tick
is $24.
Short ten 90 – day Bank-accepted bill (BAB) futures.
Initial margin: $1,200 per contract
Maintenance margin: $1,000 per contract
1 October:
Entry price
93.94
Closing price
94
Ticks moved
Initial margin (10*1,200)
$12,000
Settlement (____*24*-10)
Ending balance
Margin contribution
Balance after contribution
2 October:
Previous close
Closing price
Ticks moved
Margin balance
Settlement (____*24*-10)
Ending balance
Margin contribution
Balance after contribution
3 October:
Previous close
Closing price
Ticks moved
Margin balance
Settlement (____*24*-10)
Ending balance
Margin contribution
Balance after contribution