Question: Please help with this multi layered foreign exchange question. definite thumbs up, thanks!!! Assume today's settlement price on a CME GBP futures contract is $1.4948/E.

Please help with this multi layered foreign exchange question. definite thumbs up, thanks!!!

Please help with this multi layered foreign exchange question. definite thumbs up,

thanks!!! Assume today's settlement price on a CME GBP futures contract is

$1.4948/E. You have a short position in one contract (with the standardized

Assume today's settlement price on a CME GBP futures contract is $1.4948/E. You have a short position in one contract (with the standardized contract size of 62,500). Your initial performance bond account currently has a balance of $4,000 and the maintenance level is S2,500. The next three days' settlement prices are $1.4908, S1.5088 and $1.5208. Fill out the following table by calculating the changes in the performance bond account from daily marking-to-market and the balance of the performance bond account after the third day Day Settlement price ($/E) Daily Gain/Loss ($) Account balance ($) $4,000 0 1.4948 1 14908 2 1.5088 3 1.5208 Daily account balance (please fill out ONLY the account balance, not daily profit/loss): Day 1: S Day 2: S Day 3:S Total profit/loss: (Use negative sign in front of the number for loss) Are you going to have a margin call during the three-day trading period? Answer: (yeso). If your answer is yes, you will have a margin call on Day (insert 1, 2, or 3). If you decide to stay in the market, in order to continue playing the you need to deposit S game

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