[binagr8]

oh that’s the thing it is ……now i’ve got ur point!thank a lot sir
and i’ve watched your lectures on currency futures only but didn’t see any point about lock-in rate.on the other hand i’m studying kaplan text for p4 but the topics are not in much detail in that text ….

[binagr8]

sory sir, i’m still confused about lock-in rate ….in that question i mentioned above,the lock-in rate was diferent from closing futures price and spot rate on the transaction date.can u please elaborate it with small illustration??first deriving lock-in rate and closing futures price using basis risk and then showing the net effect you discussed about n little explanation of that…………..waiting for ur reply

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