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New Zealand Gazette – 1993 – No. 22

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✨ Financial Market Statements

18 FEBRUARY

NEW ZEALAND GAZETTE

OPEN POSITION STATEMENT

MERCHANT BANK,
18TH FLOOR, MERCHANT BANK HOUSE
105 SYMONDS STREET
AUCKLAND
TEL - 09-323456 FAX - 09-323457

TO: TRADING ACCOUNT

PAGE No. 1
ACCOUNT No. 2332
MARKET: NZ FOOTURES & OPTIONS EXCHANGE LIMITED
LOT SIZE & CONTRACT: BILL 90 DAY BANK BILL
PRICE/RATE * 1
NZSE40 CAPITAL SHARE PRICE INDEX
INTEREST YIELD PER ANNUM

DELIVERY MONTH	NO. OF LOTS BOUGHT/SOLD	QUANTITY TAKEN	TRADE TYPE	DATE OF TRADE	PRICE	MARKET PRICE	MARGIN	PREMIUM VALUE
SEP 92	10		Open	12/12/91	90.83	93.13	51062.80CR	-
SEP 92	10		Open	28/01/92	92.78	93.13	8368.90	-
SEP 92	10		Total	01/04/92	93.14	93.13	139.30	48774.60CR
DEC 92	10		Open	04/02/92	90.89	92.98	31666.80CR	-
DEC 92	10	50	Account Total				531664.80CR	101441.40CR

THIS STATEMENT LISTS ALL CONTRACTS AND/OR OPTIONS HELD OPEN BY US ON YOUR ACCOUNT ON THE MARKET AS INDICATED AS AT THE CLOSE OF BUSINESS ON THE DATE HEREON. THE MARKET PRICE IS THE QUOTATION FOR THE APPROPRIATE MONTH(S) FIXED ON THE DATE HEREON.

SUBJECT TO THE CORRECTION OF ERRORS AND OMISSIONS

In this example, Merchant Bank has positions in the September 92 and December 92 BBC contracts, which it has acquired at different times.

The market price for September 92 contracts at 1/5/92 was 93.13, and for December was 92.98. The margin column states the unrealised profit in terms of margin deposited and variable margin accumulated and eroded.

Therefore, the transaction of 20 bought BBC futures contracts on 12/12/91 has an unrealised profit of $54,062.80. Merchant Bank has an unrealised profit of $49,774.60 for the September 92 maturity, and $51,666.80 for the December 92 maturity, giving a total of $101,441.40.

OPEN POSITION STATEMENT

MERCHANT BANK,
18TH FLOOR, MERCHANT BANK HOUSE
105 SYMONDS STREET
AUCKLAND
TEL - 09-33456 FAX - 09-323457

TO: TRADING ACCOUNT

PAGE No. 2
ACCOUNT No. 2332
MARKET: NZ FOOTURES & OPTIONS EXCHANGE LIMITED
LOT SIZE & CONTRACT: NZSE40 CAPITAL SHARE PRICE INDEX
PRICE/RATE *

DELIVERY MONTH	NO. OF LOTS BOUGHT/SOLD	QUANTITY TAKEN	TRADE TYPE	DATE OF TRADE	PRICE	PREMIUM RATE	DECLARATION DATE	DEPOSIT	MARKET PRICE	MARGIN	PREMIUM VALUE
JUN 92		50	Call Option	05/04/91	1400	07	29/06/92		51	4000.80CR	2760.00
JUN 92	3		Call Option	01/04/92	1450	45		62	51	1020.00
JUN 92	4		Call Option	13/04/92	1450	53	29/06/92	62		720.00	4240.00
JUN 92	3		Call Option	30/04/92	3475	50	29/06/92	50		180.00
JUN 92	6		Put Option	30/04/92	3375	22	29/06/92	23		120.00	2460.00
JUN 92	13	53	TOTAL							2340.80CR	9560.00

SUBJECT TO THE CORRECTION OF ERRORS AND OMISSIONS

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VUW Te Waharoa — NZ Gazette 1993, No 22

NZLII — NZ Gazette 1993, No 22

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✨ LLM interpretation of page content

💰 Determination G7C: Futures and Options Markets (continued from previous page)

Domain💰 Finance & Revenue
KeywordsDetermination G7C, Futures and Options Markets, Inland Revenue, Taxation, Financial Markets

💰 Open Position Statement for Merchant Bank

Domain💰 Finance & Revenue
KeywordsFinancial Markets, Futures, Options, Trading Account, Market Price

💰 Open Position Statement for Merchant Bank (Page 2)

Domain💰 Finance & Revenue
KeywordsFinancial Markets, Futures, Options, Trading Account, Market Price

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