Optimal initial margin levels in South African futures markets: An empirical analysis
| Autor: | Roth Gj, Smit Evdm |
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| Rok vydání: | 2000 |
| Předmět: | |
| Zdroj: | Investment Analysts Journal. 29:5-24 |
| ISSN: | 2077-0227 1029-3523 |
| DOI: | 10.1080/10293523.2000.11082403 |
| Popis: | Extracted from text ... Number 51 - Part 1 CJ Roth and EvdM Smit* Optimal initial margin levels in South African futures markets: An empirical analysis * Graduate School of Business, University of Stellenbosch, PO Box 610, Bellville, 7535, Republic of South Africa. E-mail: evdms@usb.sun.ac.za 1. Introduction Futures margins are initial deposits ensuring investors perform according to the terms of the futures contract. Long contracts on futures are contracts to buy the underlying instrument at the maturity date and are taken out when the purchaser expects the price of the underlying instrument at maturity to be more than the current futures price. Theoretically, at .. |
| Databáze: | OpenAIRE |
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