What futures price do we use to calculate the number of contracts?Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › What futures price do we use to calculate the number of contracts?This topic has 1 reply, 2 voices, and was last updated 11 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts May 31, 2013 at 12:42 pm #127978 liz77MemberTopics: 22Replies: 5☆I always thought we use the futures price as at the date of entering the futures contract when calculating the number of contracts to buy/sell. But in June 2011 Q2, the examiner has used the lock-in rate to determine how many contracts.So what’s the correct procedure?Thanks! June 2, 2013 at 11:40 am #128241 John MoffatKeymasterTopics: 57Replies: 54480☆☆☆☆☆It does actually make more sense to use the lock-in rate. However you would not lose marks if you used the current futures price.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In