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futures

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › futures

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by AvatarJohn Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • November 4, 2017 at 2:11 pm #414303
    Avatarpiyaa11
    Member
    • Topics: 3
    • Replies: 3
    • ☆

    Hi there,

    Thank you for you help on my previous question, it makes sense.
    When picking a future, date, for example if the exam says today is 01/12/16 a payment of £1m is due in 4 months time so 31/03 and the choice of futures i have are as follows:

    March future
    June future

    would I pick the March future, or would i pick the June future as it’s after the date?

    Thanks,
    Piyaa

    November 4, 2017 at 2:31 pm #414310
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54843
    • ☆☆☆☆☆

    If the transaction occurs on the 1st April, then strictly you would have to choose the June future. However for one day it is hardly relevant and the March future would be OK.

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  • The topic ‘futures’ is closed to new replies.

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