Explain how the clearinghouse would record the following: Mr. A buys a September wheat futures contract...

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Finance

Explain how the clearinghouse would record the following:
Mr. A buys a September wheat futures contract from Ms. B for $4.00/bu. on July 20.
Mr. D buys a September wheat futures contract from Mr. E for $3.95 on July 25.
Ms. B buys a September wheat futures contract from Mr. D for $4.01 on July 30.
Mr. E buys a September wheat futures contract from Mr. A for$4.06 on August 3.
Show the clearinghouse’s payments and receipts needed to closeeach position.

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For Transaction 1 Transaction date Mr As Demat AC Mr As Trading Ac Ms Bs Demat AC Ms Bs Trading AC Transaction 1 20Jul Credit September Wheat Future Debit 4 00bu Debit September Wheat Future See Answer

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Explain how the clearinghouse would record the following:Mr. A buys a September wheat futures contract from Ms. B for $4.00/bu. on July 20.Mr. D buys a September wheat futures contract from Mr. E for $3.95 on July 25.Ms. B buys a September wheat futures contract from Mr. D for $4.01 on July 30.Mr. E buys a September wheat futures contract from Mr. A for$4.06 on August 3.Show the clearinghouse’s payments and receipts needed to closeeach position.