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Ask the Tutor ACCA AFM
Dec 2018 - Nutourne Co
6y agoNutourne is a US company. It's going to be receiving CHF 12.3 million.
You should have noticed that the Contract Size is in CHF (CHF 125000).
Eventually we need USD equivalent as we are a US company. Therefore we SELL (Put Options) 98 CHF 125000 Contracts to get USD receipts.
You are welcome
6y ago#3ashwinmurali: Thank you for answering the question, but please do not answer in this forum because it is the Ask the Tutor Forum and you are not the tutor :-) (But please do help people in the other AFM forum).
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