Suppose on Monday June 1, I long and you short the futures contract on 1,000,000 Canadian Dollars for December delivery. We enter the positions when the exchange rate is $0.75 US/CAD. We are required to post margins equal to 10% of the contract amount. On Tuesday June 2, the December contract settles at $0.74. Between Monday and Tuesday, your account will be market-to-market by what amount?

Answer rating: 100% (QA)

To calculate the markettomarket MTM change in your account between Monday and Tuesday youll need to ... View the full answer