48. In August 2022 a company takes a short position in a contract on April 2023 platinum futures. It closes out its position in February 2023. The futures price (per ounce) is $1444.20 when it enters the contract, $1467.16 when it closes out its position, and $1458.13 at the end of December 2022. One contract is for the delivery of 1,500 ounces platinum. What is the company's total gain or loss?

You placed $120,000 in your future trading account have just bought your first HSI June 2023 futures contract today @ 19,652, at market close the HSI June 2023 future closed at 19,534. Currently the initial margin for HSI is $101,944, the maintenance margin is $81,555. HSI futures is $50 per index point.   What is you margin account balance as of market closed today? Please write out the detailed calculation steps

It is now January. The current annual interest rate is 6.4%. The June futures price for gold is $1485.80, while the December futures price is $1,494. Assume the June contract expires in exactly 6 months and the December contract expires in exactly 12 months. Required: a. Calculate the appropriate price for December futures using the parity relationship? (Do not round intermediate calculations. Round your answer to 2 decimal places.) x Answer is complete but not entirely correct. $ 1,529.86 Price for December futures

You are long 10 gold futures contracts, established at an initial settle price of $1,580 per ounce, where each contract represents 100 ounces. Over the subsequent four trading days, gold settles at $1,584, $1,581, $1,589, and $1,597, respectively. a. Calculate the profit or loss for each trading day. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) b. Compute your total profit or loss at the end of the trading period. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a. Day 1 a. Day 2 a. Day 3 a. Day 4 b. Total profit/loss

Consider the following prices, volume and open interest for gold futures contracts. Contract size: 100 oz  Price units: $/oz (a) What was the value of the contract that expires in February 2022 when the market closed?  (b) Which futures contracts had a higher settle price on the previous trading day?  (c) Would a speculator prefer to go short at the daily high price or the daily low price?

An investor holds a short position in four July crude palm oil futures contracts. When the contract was entered into on day zero, the futures price was RM 2200 per metric tonne. The initial margin is RM 2750 per contract, and the maintenance margin is RM 1500 per contract. The following table gives information on the price of CPO for July delivery over a 3-day period. Day 1 Closing futures Price (RM) 2150 2300 3 2350 Assess what will the variation margin be on the first day a margin call is received? A. RM 11,000 B. RM 10,000 C. RM 5,000

Am. 113.

Norwegian Krone (CME) - 2,000,000 Kroner; $ per contract. MONTH CHART LAST CHANGE PRIOR SETTLE OPEN HIGH LOW VOLUME JUN 2023 NOKM3 0.09586 -0.00064 (-0.66%) 0.09650 0.09662 0.09662 0.09581 67 3. Given the above information, calculate the dollar value of a Norwegian Krone SEP 2022 futures contract. 4. You hold securities in Australia valued at AUD (Australian Dollar) 55 million. How many SEP AUD futures should be bought or sold to hedge the foreign exchange risk. SEP AUD futures contracts (AUD 100,000 per contract) settled most recently at AUD 1.4202/$.

On 1 July 2023, Molly Ltd holds a well-diversified portfolio of shares that is valued at $1.55 million. On this date it enters into 60 futures contracts on All Ordinaries Share Price Index futures in which it takes a sell position. The All Ordinaries Index on 1 July 2023 is 2500 with $10 per index point. So the total price of the futures contract is calculated as 2500 × 60 × $10 contracts = $1,500,000. A total deposit of $100,000 is paid on the futures contracts. On 29 July 2023 Molly Ltd decides to sell its portfolio of shares and to close out its futures contracts. On this date, the market value of the share portfolio is $1.725 million and the All Ordinaries Index is 2720. Required: Prepare the entries of Molly Ltd for any financial assets or financial liabilities that arise in each case and show your working process.

Using Figure 14.1 You are long 60 July 2022 corn futures contracts. Calculate your dollar profit or liss from this trading day. Note: A negative value should be indicated by a minus sign. Do not round intermediate calculations. What is the Gain or Loss by?