CMFAS M6A Practice Questions - CMFAS Module 6A - Securities And Futures Product Knowledge II Exam

A trader's futures account is 'marked to market' at the end of each trading day. This means:

The position is closed out and reopened automatically Gains and losses are calculated and credited or debited daily based on the settlement price The margin requirement is waived until expiry The contract is converted into the underlying shares

Correct Answer:

Gains and losses are calculated and credited or debited daily based on the settlement price

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