The Treasury Manager of G.E. receives word that a payment in the amount of 50,000,000 to Hitachi will be due in June 2020, Hitachi requires the payment to be made in Japanese Yen (). The Treasury Manager decides to hedge this exposure using & Futures contracts. The following quotes are available from CME at this time. Japanese Yen (CME)-V12,500,000; S/N March June The U.S. S value of the required number of & Futures contracts is: A $135,612.50 OB. $137,425.00 Open High Low Settle Change 1.0994 1.0994 1.0828 1,0849 -0.0114 1.0996 1.1008 1.0846 1.0866 -0.0114 OC$135,825.00 OD.$138,825.00 Open Interest 127,331 5,904