The Treasury Manager of G.E. receives word that a payment in the amount of 50,000,000 to...

 

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The Treasury Manager of G.E. receives word that a payment in the amount of ¥50,000,000 to Hitachi will be due in June 2020, Hitachi requires the payment to be made in Japanese Yen (). The Treasury Manager decides to hedge this exposure using & Futures contracts. The following quotes are available from CME at this time. Japanese Yen (CME)-V12,500,000; S/N March June The U.S. S value of the required number of & Futures contracts is: A $135,612.50 OB. $137,425.00 Open High Low Settle Change 1.0994 1.0994 1.0828 1,0849 -0.0114 1.0996 1.1008 1.0846 1.0866 -0.0114 OC$135,825.00 OD.$138,825.00 Open Interest 127,331 5,904 The Treasury Manager of G.E. receives word that a payment in the amount of ¥50,000,000 to Hitachi will be due in June 2020, Hitachi requires the payment to be made in Japanese Yen (). The Treasury Manager decides to hedge this exposure using & Futures contracts. The following quotes are available from CME at this time. Japanese Yen (CME)-V12,500,000; S/N March June The U.S. S value of the required number of & Futures contracts is: A $135,612.50 OB. $137,425.00 Open High Low Settle Change 1.0994 1.0994 1.0828 1,0849 -0.0114 1.0996 1.1008 1.0846 1.0866 -0.0114 OC$135,825.00 OD.$138,825.00 Open Interest 127,331 5,904

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