- This topic has 3 replies, 2 voices, and was last updated 8 years ago by .
Viewing 4 posts - 1 through 4 (of 4 total)
Viewing 4 posts - 1 through 4 (of 4 total)
- You must be logged in to reply to this topic.
OpenTuition recommends the new interactive BPP books for September & December 2024 exams.
Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Q.Polytot BPP
Hi.
Currency Futures – I’d like to know in this question where we use Dec futures but receiving in Nov, do we have to calculate the lock in rate for Nov? Or is Bpp right where they use the Dec futures price to find the number of contracts instead of finding the lock in rate and using that?
BPP’s answer is a copy of the then examiners answer (the examiner has changed since). To be honest it is arguable as to which rate is the best to use to determine the number of contracts (and over the years, the examiners have been inconsistent). The difference will at most be one contract and you will get the marks in the exam whichever you use.
Thank you!
You are welcome 🙂