On November 15, you sold ten futures contracts for 100,000 cad each at a rate of usd/cad

Question:

On November 15, you sold ten futures contracts for 100,000 cad each at a rate of usd/cad 0.75. The subsequent settlement prices are shown in the table below.

(a) What are the daily cash flows from marking to market?

(b) What is the total cash flow from marking to market (ignoring discounting)?

(c) If you deposit usd 75,000 into your margin account, and your broker requires usd 50,000 as maintenance margin, when will you receive a margin call and how much will you have to deposit?

Broker
A broker is someone or something that acts as an intermediary third party, managing transactions between two other entities. A broker is a person or company authorized to buy and sell stocks or other investments. They are the ones responsible for...