QuickHelper

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    Phoniex
    Jul-2007 - Jun-2012

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    ChevronTexaco Corporation
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Category > Business & Finance Posted 03 Jun 2017 My Price 6.00

international finance

Question description

 

Assume today’s settlement price on a CME EUR futures contract is $1.3140/EUR.
You decide to open a SHORT position in one contract.
The initial performance bond is 3% of contract value and the maintenance performance bond is 2% of contract value.
At the close of the next business day, if the new settlement price for that contract is $1.3300, what is the new balance of your margin account?

Answers

QuickHelper
(10)
Status NEW Posted 03 Jun 2017 11:06 AM My Price 6.00

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