On Tuesday Friday the 31st March 2023 you will be required to enter into 5 June 2023 90-day bank accepted bill contracts. You may enter into these contracts as a buyer or as a seller. Whether you enter into these contracts as a buyer or a seller will depend on your expectations as to the likely direction of short-term interest rates. Again, you should state a logical basis for entering into these contracts as a buyer or seller.

For example, you might speculate that short-term interest rates are likely to rise or fall. Note that again the basis of your speculation is of lesser importance here than is demonstrating that you understand fully the nature of the transactions that you enter into. On Friday the 28 April you must close out your position and do so at the settlement price of the June 23 90-day bank accepted bill contract. Using the settlement price of the June 23 90-day bank accepted bill contract on the days that you trade, detail your financial position after you have entered into contracts

Note: opening price on 31st March 2023 according to ASX is 96.35

closing price on Note: closing price on 31st March 2023 according to ASX is 96.38

on 28th April 2023 closing price is 96.32