Futures Contract
- Value at Maturiy - Payoff Calculator
Spot Exchange Rate at Maturity
Settlement Price
as defined in the futures contract
Payoff at Maturity (with a Long position)
Payoff at Maturity (with a Short position)
Notes:
Long futures contract payoff = contract size *(spot rate at maturity - settlment price)
Short futures contract payoff = - long futures contract payoff = - contract size *(spot rate at maturity - settlment price)
When spot rate at maturity is higher than the settlement price, long position's payoff >0 ;
When spot rate at maturity is lower than the strike price, short position's payoff >0 ;
For more information, please read https://www.investopedia.com/terms/c/currencyfuture.asp
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