ACI Dealing Certificate 3I0-012 Question # 442 Topic 23 Discussion

ACI Dealing Certificate 3I0-012 Question # 442 Topic 23 Discussion

3I0-012 Exam Topic 23 Question 442 Discussion:
Question #: 442
Topic #: 23

You are short of 6 December EURODOLLAR futures contracts at 99.50. Yesterday, the closing price was 99.35. Today’s closing price is 99.105. What variation margin will be due?


A.

You will have to pay USD 5,925.00


B.

You will receive USD 5,925.00


C.

You will have to pay USD 3,675.00


D.

You will receive USD 3,675.00


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