- This topic has 3 replies, 2 voices, and was last updated 1 year 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 March 2025 exams.
Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › OTC Options Contract Currency
In Fondir Co (Dec 22), the premium is quoted as LL / $, and the examiner took $ as their contract currency.
But in Buryecs Co (Mar/Jun 17), the premium is quoted as $ / Euro, and the examiner has taken $ as contract currency.
What caused this discrepancy?
In Buryecs they are OTC options, so there is no contract size. The question says that the options are in $’s and they are selling dollars.
Oh okay! The question always specify like this whenever a OTC Option is asked to use right?
Questions always make it clear if it is an OTC option.