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Basis

This topic has 1 reply, 2 voices, and was last updated 6 years ago by John Moffat.

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August 24, 2018 at 8:43 pm #469294
adurich
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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 Moffat
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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.
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