Mechanics of Futures Markets
Mechanics of Futures Markets
Mechanics of Futures Markets
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2.3<br />
Margins<br />
• A margin is cash or marketable<br />
securities deposited by an investor with<br />
his or her broker<br />
• The balance in the margin account is<br />
adjusted to reflect daily settlement<br />
• Margins minimize the possibility <strong>of</strong> a<br />
loss through a default on a contract<br />
Options, <strong>Futures</strong>, and Other Derivatives, 5th edition © 2002 by John C. Hull
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