Mark-to-market Dry example
A member sells PM4TC MAR10, 10 lots (10 days) at USD 26 000 the 10th of February 2010.
The closing price the next day is set to USD 24 500.
Mark-to-Market Report 10-02-2010
|
Instrument |
Position |
Traded Price |
Closing T |
Trade Value |
Market Value |
Profit/Loss |
Settled |
To be Settled |
|
PM4TC MAR10 |
-10 |
26 000 |
24 500 |
260 000 |
245 000 |
15 000 |
0,00 |
15 000 |
| Position | 10 lots equals 10 days per month |
| Traded Price | traded price |
| Closing | closing price on 10.02.2010 |
| Trade Value | value of the contract based on the traded price [10x26000] |
| Market Value | value of the contract based on the closing price [10x24500] |
| Profit/Loss | total profit/loss for the net position in that contract. Difference between the Trade Value and The Market Value for the net position. In this example the clearing member has gained USD 15 000 |
| Settled | the amount that has been settled on the Collateral and Settlement account up until the previous trading day. Calculated based on the difference between the traded price and the closing T-1 (Historical settlements). |
| To be Settled | the amount being settled on the Collateral and Settlement account. The difference between Profit/Loss and Settled which equals the change in closing price multiplied by the position. |
The last day of the delivery period the closing price is equal to the settlement price (average spot price during the delivery period) and the number in the Profit/Loss column is therefore the total realised profit/loss for the net position in the specific contract.
| PM4TC MAR 10 | Position | Traded Price | Closing Price | M2M $ |
| 10 Feb | -10 | 26 000 | 24 500 | 15 000 |
| 11 Feb | 24 000 | 10 000 | ||
| 12 Feb | 24 500 | -5 000 | ||
| ... | ... | ... | ||
| 29 Mar | 24 250 | ... | ||
| 30 Mar | 25 000 | -7 500 | ||
| 31 Mar | 24 500 | 5 000 |