Assume today's settlement price on a CME EUR futures contract is $1.1655/EUR. You have a short position in one contract. Your performance bond account currently has a balance of $1,600. The next three day's settlement prices are $1.1625, $1.1643, and $1.1547. One CME EUR futures contract size is EUR125,000. What is the balance of the performance bond account after the third day?

• 
  

 

Answer rating: 100% (QA)

To calculate the balance of the performance bond account after the third day we need to consider the ... View the full answer