Hello,

I'd like to pose another question about how ICBIT works, especially about margin and leverage

In this example the first value in the "Initial Margin" column, i.e. 53.3 is the margin still available, is that correct?

But what is the value in the second row, the 60.94 ? And what is the unit of measurment? contracts, Bitcoins, $$ ?

Obviously 53.3 + 60.94 == 114,24, i.e. the effective amount of BTC in my account right now.

But I'm confused about the value: how to you calculate that margin?

Basically, what I'm doing here is to promise to sell 55 packages next December with a lot size of 10 USD each. And I want Bitcoins in return, assuming a

BTC/USD rate of 11.08045. Thus, each contract would cost 10$ / 11.08045 $/

BTC == 0.90249

BTC. Thus my counterparty has to pay me 55* 0.90249 == 49,6369

BTC on settlement next December. Is that reasoning correct?

But how then do you arrive at those figures for the margin? Is there any leverage included, and how is that calculated?

Thanks for any clarification