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This article assumes you are familiar with the entity and security level elections that have been made for processing a future without variation margin. For example, you must enter a value for the Net Futures Position field. If you set this field to Yes, the system nets the long and short positions into a single long position. If you set this field to No, the system creates two separate long and short positions. Also, you must enter a value for the Futures Clearing Broker Code field. The system requires that you use the same clearing broker when you book an open and close trade for a future contract. You can hard code the field to ensure the same clearing broker is used for all futures transactions. You can access these fields using the Create/Edit Entity and Add/Change , Create Master Fund, and Edit Master Fund Setup /Sector panels.

To manually book an open trade for a future without variation margin:

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