• Avatar of johnmoffat says

      what do you mean, where is it?

      It is futures contracts that you close out (not forwards), and closing out means finishing the deal (if you buy futures then you have to sell them at a later date; if you sell futures then you need to buy them at a futures date)

      Calculations on futures cannot be asked in F9 – you can only be asked to describe how they work.

      • Avatar of johnmoffat says

        If you look at the contents list on the first page of the Course Notes you will find ‘foreign exchange risk management’. It is in there!

        You will find the links to 7 lectures on Foreign Exchange Risk Management on the main F9 page of this website.

  1. Avatar of sgsii says

    I keep getting the following error:

    Server not found: rtmpt://

    Was in the middle of the video. Usually it’s OK, but once in a while I get this message.

    The lectures themselves are very helpful. I huge thank you to John an to this site!

  2. avatar says

    I am not understanding, so he is buying in dollars, therefore I would have thought that he should receive the less money, being 1.4970 rate totalling £133600.53 and not the higher amount £134138.16 as the bank is not benefiting from this, but I am.

    Have i got this wrong ?

    • avatar says

      @fenechbrian, Hi Brian, you said “he is buying in dollars”. This is incorrect, the lecturer said we assume the company is in the Uk unless told otherwise, so we are buying Dollars, not buying IN Dollars, and we are buying with Pounds. Therefore use the Company is buying/selling rule, which will give you the correct figure.

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