Chinese equity index Futures

We are in January $2019,$ you decide to take a position on the Chinese equity index Futures which is quoting on Eurex Exchange. Find below the Contract Specifications of this Futures :

Underlying : MSCI China Index

Contract Size : $50$

Last Price : $1090$$

You want to take a short position of $1$ million $,$ what is the trade you need to do$?$

What would be your profit or loss if$,$ in March $2019,$ the index provider announced the exclusion of China from all MSCI indices at a price equivalent to $0\mathrm{.}00001$ of the security$\text{'}$s price currency, effective on the close of March $10,2019,$ considering that this futures contract settles in cash?