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Use the following table to answer Q4. The table shows Three Month Sterling Futures quotes on the Intercontinental Exchange fo
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Answer #1

Solution:

The purchase of the SEP20 Three Month Sterling futures contract implies the following things

1. Price - The price of the futures contract is 99.900

2. Expiry- This contract will expire in September

3. Contract size- GBP 500,000

The buyer of the contact will get GBP 500,000 at the price of 99.900 in the month of September 2020.

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