BasisForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › BasisThis topic has 1 reply, 2 voices, and was last updated 6 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts August 24, 2018 at 8:43 pm #469294 adurichMemberTopics: 127Replies: 120☆☆☆For currency futures lock in rate ..do we have to always deduct change in basis from futures rate ( at the time of inception)? August 25, 2018 at 9:47 am #469338 John MoffatKeymasterTopics: 57Replies: 54454☆☆☆☆☆No – and I make this clear in the lecture – we use the fact that the futures and spot must get closer together and so add or subtract accordingly.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)The topic ‘Basis’ is closed to new replies.