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Ask the Tutor ACCA AFM

Future Contracts

AAamir7y ago
Dear Tutor, If we buy lets say 1million furture today by paying a dealer margin, and then after a week when the future's price go up, I ask the dealer to sell the 1million futures, then when do I settle the payment (margin + profit/ (loss)) with the dealer? Is it going to be at the end of the deal or at end of the future's settlement date?
John MoffatJohn MoffatTutor7y ago#1
It is at the end of the deal.
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