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Now assume that on June, 7 202X, you bought 7 currency futures for 70,000 B each (notional amount) @ A/B 79.20. Assume that the daily
Now assume that on June, 7 202X, you bought 7 currency futures for 70,000 B each (notional amount) @ A/B 79.20. Assume that the daily settlement prices are shown in the table below: June, gth June, 9th June, 10th 79.14 June, 11th 79.16 June, 14th 79.19 June, 15th 79.10 / 79.21 79.17 What are the daily cash flows from marking-to-market? If you deposit 300,000 A into your margin account and your broker requires 300,000 A as maintenance margin, when will you receive a margin call and how much will you have to deposit? Now assume that on June, 7 202X, you bought 7 currency futures for 70,000 B each (notional amount) @ A/B 79.20. Assume that the daily settlement prices are shown in the table below: June, gth June, 9th June, 10th 79.14 June, 11th 79.16 June, 14th 79.19 June, 15th 79.10 / 79.21 79.17 What are the daily cash flows from marking-to-market? If you deposit 300,000 A into your margin account and your broker requires 300,000 A as maintenance margin, when will you receive a margin call and how much will you have to deposit
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