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Today's settlement price on a Chicago Mercantile Exchange (CME) yen futures contract is $0.8011/100. Your margin account currently has a balance of $2,000. The next
Today's settlement price on a Chicago Mercantile Exchange (CME) yen futures contract is $0.8011/100. Your margin account currently has a balance of $2,000. The next three days' settlement prices are $0.8057/=100, $0.7996/=100, and $0.7985/100. (The contractual size of one CME yen contract is 12,500,000 ). If you have a long position in one futures contract, the changes in the margin account from daily marking-to-market, will result in the balance of the margin account after the third day to be $1,675 $1,425 $3,425 $2,000
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