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On November 1 5 , you sold ten futures contracts for 1 0 0 , 0 0 0 cad each at a rate of USD
On November you sold ten futures contracts for cad each at a rate of
USDCAD The subsequent settlement prices are shown in the table below.
November
Future
Rate
a What are the daily cash flows from marking to market?
b What is the total cash flow from marking to market ignoring discounting
c If you deposit USD into your margin account, and your broker
requires USD as maintenance margin, when will you receive a
margin call and how much will you have to deposit?
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