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Currency Options

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Currency Options

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by John Moffat.
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  • March 1, 2021 at 7:26 am #612223
    parthbhanushali
    Member
    • Topics: 34
    • Replies: 20
    • ☆☆

    Hello Sir!

    Please confirm if following mentioned text is correct :-

    In case of currency options ofcourse there is no concept of “Basis” (in Future contracts).

    So if there is no currency option contract for the “date of Forex receipt/payment” , we have to consider the “exercise price” of the option contract which is immediately next to the forex receipt/payment date.

    And we can consider that “exercise price” less premium amount to calculate the final inflow/ outflow of domestic currency. There is no need to adjust the exercise price with “basis”.

    March 1, 2021 at 9:20 am #612270
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51564
    • ☆☆☆☆☆

    You are correct in writing that there is no basis involved with options.

    If the option is exercised then we convert at the exercise price.

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