“These contracts will be cash settled at the end of each month and are unsecured, meaning that
there are no margin calls or requirements to lodge cash at call or on depos.
Ace, Rod_ or Rooks, the above was from FEX on the hedging, this does mean the actual contract with a particular bank isn't secured, my understanding is if they are late in paying for a particular month, there's no marginal call or penalties an late payments?
my brain has been on holidays for the last couple of months,
cheers Lw
Price of Iron Ore, page-374
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Last
43.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $302.1M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.5¢ | 41.5¢ | $1.237M | 2.926M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 172820 | 42.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 188053 | 7 |
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| FEX (ASX) Chart |