Assume today’s settlement price on a CME EUR futures contract
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Assume today’s settlement price on a CME EUR futures contract

1. Assume today’s settlement price on a CME EUR futures contract is $1.3140/EUR. You have a short position in one contract. Your performance bond account currently has a balance of $1,700. The next three days’ settlement prices are $1.3126, $1.3133, and $1.3049. Calculate the changes in the performance bond account from daily marking-to-market and the balance of the performance bond account after the third day

Hint
Accounts & FinancePerformance bond: A performance bond is issued to one party of the contract as the guarantee against the failure of the other party to meet the obligations which are specified in the contract. It is also called as the contract bond....
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