Question
A US-based investor enters a futures contract to purchase 62,500 GBP expiring in one month at GBP/USD, F30 = 1.43134. The investor posts a $1500
A US-based investor enters a futures contract to purchase 62,500 GBP expiring in one month at GBP/USD, F30 = 1.43134. The investor posts a $1500 performance bond. The CME maintenance margin for GBP futures contract is $1300. The following table contains the spot prices for GBP/USD over the next two days.
| Date | GBP/USD | Account Balance |
| Initiation (3/2) | 1.4134 | 1500 USD |
| 3/3 | 1.4121 | - |
| 3/4 | 1.4104 | 1312 USD |
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Brilliant Book Keeping How To Keep Your Business Efficient And Cost Effective
Authors: Martin Quinn
1st Edition
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