[EMAIL PROTECTED] wrote:
>
> Bob wrote:
> Uh, definitely WRONG. You can open an account with some brokers for
> only a couple G's. Presently Belly margin is around $2.5K, and that
> is ALL you need. No need to show/prove the ability to assume the
> whole contract.
I noticed you said "some". I wouldn't want to own shares in those
"some" brokerages. I wonder how long they are going to be in business.
> > So are you saying that when the bacon futures contract settles,
> > it's life ends, the underlying security (the bacon) went pueff?
> > Disappeared into thin air? Or the contracts went pueff? Disappeared
> > into thin air? But the bacon was still there?
>
> No. When the contract expires, all hell is to pay. You better be out
> by then, else Guido the Collector will be there with the truck load
> of bacon and his hand out for the money.
I don't think you understand the questions.
But, as mentioned before,
> you don't have to prove that you can/will pay for the whole contract
> at the time of purchase/sale. Usually, the broker will make sure
> that you are out well before First Notice Day.
>
> Hans.
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