Future Contracts

CFA Level II Derivatives
#1

Position 2 (Euro/JGB Forward Contract):

[question removed by moderator]

Why are we discounting the 100.05 by two month since it was only one month ago the initiation of the contract?

The other question, is why are we discounting the 100.2 since it is the quoted price at T=0?

#2

The formula for mark to market is the current forward price minus the original forward price discounted to present time.

The original T was 3 months, since 1 month has passed, there is 2 months until left on the forward.