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You took a long position in 10 FIX futures contracts on lf13f20X1 at: the price indicated below. You met all margin calls, and did not
You took a long position in 10 FIX futures contracts on lf13f20X1 at: the price indicated below. You met all margin calls, and did not withdraw any excess margin. All FIX futures have a size of contract of 125,000 euros regardless of the delivery month. Assume that the initial margin is $4,000 per contract and the maintenance margin is $2,500 per contract. 11. Complete the following table and provide an explanation of any fund deposited. 12. How much is your total gain by the end of U2 11"2X2 1? Settlement FIX rate $ 1.00 per euro Initial Margin $4,000 Maintenance Margine $2,500 Contract size 125,000 TODAY l.-" l 31'20X1 Long Position 10 contracts Question 11. F d . Day un s Gain r' Losses Deposited .Tan 13, 203:1 (Wed) Jan 141 20X] (Thurs) .Tan 15,20X1 (Fri) Jan 18, 20X] (Lion) .Tan 19,20X1 (Tue) $0.935 .Tan 20, 20X] (W'ed) $1.000 .Tan 21,20X1 (Thurs) $1.010 Question 12. Total Gains
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