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To: Vladimir Zelener who wrote (5582)	10/26/1997 8:05:00 PM
From: Michael Abramson	Read Replies (1) \| Respond to of 16892

Vladimir, 30000 thousand stands for trasaction taxe which is substantial for this calculation, 0.11= 4% + 7%, because instead of paying 7% for margin you would receive 4% of interest, 770 is two times 365. By the way here is a mistake all calculations reflect one day of fund release, in case of weekend there were will be two days, so amount of position should be half of what I posted, your wish of four day calculation is not supported, they are calculating margin and interest daily after market. Michael.