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Suppose you "sell to open a short position" one Decenmber 2021 Ultra 10-year T-Note futures...

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Finance

Suppose you "sell to open a short position" one Decenmber 2021 Ultra 10-year T-Note futures contract at the contract price of 145'255 in CME. The initial margin requirement on the Utra 10-year T-note futures contract is $2,695 and the maintenance margin requirement is $2,450. How much will your account balance be at the end of the second day if the settlement price of the contract turns out to be 146'015 at the end of the first day and 145'205 at the end of the second day. Contract size is $100,000.

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