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Mark to market a short Eurodollar futures position with June delivery at 104.5 if daily IMM Index settlement prices are Day 1: 103.50 Day 2:
Mark to market a short Eurodollar futures position with June delivery at 104.5 if daily IMM Index settlement prices are
Day 1: 103.50
Day 2: 110
Day 3: 98.75
Day 4: 100
List the margin account balances at the end of each trading day and specify (i) whether an additional margin is required on any given day and, (ii) if a margin call is issued, how much must be deposited to your margin account. Assume that the initial margin is $5,000; the maintenance margin is $3,000, and the tick value is 1 b.p. = $30.
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