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Q1 (Futures Margin call) You took a long position in 10 Eurodllar futures contracts (June 2014...

Q1 (Futures Margin call) You took a long position in 10 Eurodllar futures contracts (June 2014 delivery) on 1/13/2012 at the price indicated below. You met all margin calls, and did not withdraw any excess margin. All ED futures have a 90-day maturity and a notional principal of $1 million regardless of the delivery month. When the ED futures price increases by 1 basis point (98.35 to 98.36, for example), one long ED futures position gains $25, and one short ED futures position loses $25.

. Complete table 1 and provide an explanation of any fund deposited

90-day ED Sept 09 futures on 1/13/2012 98.54 98.5400
Initial Margin $1,000
Maintenance Margine $800
TODAY 1/13/2012
Long Position 10 contracts
Day (1) Beginning Balance (2) Funds Deposited (3) Settlement Price (4) Futures Price Change (5) Gain / Losses (6) Ending Balance (7)
Friday, January 13, 2012 $0          98.54
Monday, January 16, 2012 99.04
Tuesday, January 17, 2012 98.38
Wednesday, January 18, 2012 98.53
Thursday, January 19, 2012 98.48
Friday, January 20, 2012 99.53
Monday, January 23, 2012 97.45
business   Operations-Management   
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