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Closing future rate

Forums › ACCA Forums › ACCA AFM Advanced Financial Management Forums › Closing future rate

  • This topic has 1 reply, 2 voices, and was last updated 10 months ago by mrjonbain.
Viewing 2 posts - 1 through 2 (of 2 total)
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  • August 31, 2021 at 7:29 am #633588
    maemae
    • Topics: 2
    • Replies: 3
    • ☆

    Hi John,

    Can I ask you when do we know whether to use lock in rate or calculate closing spot rate to find closing future rate?

    I understand that lock in rate = opening future rate – remaining basis.

    Is it if closing spot rate not given, we assume opening future rate same as closing spot rate?

    2. To find closing future rate interest % – Do we always add the Libor plus remaining basis? Or add because spot > opening future? And less if spot < opening future

    Thank you.

    August 31, 2021 at 9:04 am #633618
    mrjonbain
    Moderator
    • Topics: 1
    • Replies: 1216
    • ☆☆☆☆☆

    If you want to ask the tutor something directly, please use the ask the tutor forum-

    https://opentuition.com/forum/ask-acca-tutor-forums/ask-the-tutor-acca-advanced-financial-management-afm-exams/

    These forums are primarily designed for students to help one another. Hope this helps.

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