Question: q1 futures margin call you took a long position in...

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