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Letamp;#39;s think a little bit about how margin works for a futures contract. So letamp;#39;s say that the terms of the contract are a 1,000 pounds of apples for delivery on November 15, and weamp;#39;re assuming that this is some date in the future. And right now in the Futures Exchange, the market delivery price, so the price at which the apples will change hand in the future, is $200. And Iamp;#39;ve written here what the exchange specifies for the initial and maintenance margin, weamp;#39;ll talk about that more in a second. But this essentially means that both the buyer and the seller, for the initial margin, have to put up $20. Sometimes itamp;#39;ll be specified as an absolute dollar amount like Iamp;#39;ve just done. Sometimes it might be a percentage of the actual delivery price. So they both have to put up $20, and this guy has agreed to buy a 1,000 pounds of apples from this guy on November 15 for $200. So itamp;#39;s essentially $0.20 a pound. Now, letamp;#39;s sa