ures
positions are "marked to market" on a daily basis, with the
settlement price taken as the market price. As such, Mr
Tan's margin account will be credited $480 for the 24 August
settlement, resulting in a $5,480 balance in his margin
account. （Part one of two）
(The writer is Senior Lecturer of the Department of Finance
and Accounting, NUS & a resource panelist of SPH's Chinese
Newspapers.)
