This money, called the margin, is roughly 4.5% of the value of the futures contract on which the option is written.

FORBES: When the Market Sleeps

Senator Lyndon Farnham from the Option C campaign has written to the treasury minister asking for the cash.

BBC: Jersey referendum taxpayers' money request

Under the Flexible Option, assessment tests and related online courses are being written by faculty who normally teach the related subject-area classes, Mr. Reilly said.

WSJ: College Degree, No Class Time Required