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Futures contract forex

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Futures contract forex

  • This topic has 4 replies, 3 voices, and was last updated 3 months ago by John Moffat.
Viewing 5 posts - 1 through 5 (of 5 total)
  • Author
    Posts
  • March 1, 2025 at 11:45 pm #715681
    vavneetb
    Participant
    • Topics: 175
    • Replies: 123
    • ☆☆☆

    Hi,

    I’ve been told that when we do hedging there are very different methods we can follow so the methods I am following in currency futures and in options are different to the method which they have explained in the book so I’ve got slight different answers and I’ve been told someone from ACCA that AFM is quite assumption based. so if your answer is slightly different is it still acceptable but I’m not sure if I’m doing the right thing because I don’t wanna lose marks.

    For more details, I did March mock test which ACCA released, I did the hedging question.
    By using Future contracts, my answer using Future contracts under my method is Payable of 6516740 Euros and answer as per ACCA is 6876782 Euros.
    my number of contracts are 57 and ACCA is 55.

    Is this acceptable?

    March 2, 2025 at 12:08 pm #715691
    Vania2000
    Participant
    • Topics: 2
    • Replies: 3
    • ☆

    definitely not but you won’t lose all the marks just for the incorrect figures. how did you calcluate your contracts?

    March 2, 2025 at 4:02 pm #715730
    vavneetb
    Participant
    • Topics: 175
    • Replies: 123
    • ☆☆☆

    I did Payables/Contract size but the payables were in $ and contract size in Euro. I did not convert, which is the mistake i made.

    In options, If I am supposed to sdo put option, but I did Call option. Will I get full marks. because the ACCA says you will still be given marks if you have followed the right method. Is that true?

    March 3, 2025 at 2:54 pm #715754
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54679
    • ☆☆☆☆☆

    Vania2000: Please do not answer questions in this forum because it is the Ask the Tutor Forum (but please do answer questions in the other AFM Forum 🙂 )

    March 3, 2025 at 2:57 pm #715755
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54679
    • ☆☆☆☆☆

    Vavneetb: If you are required to use a put option but you used a call option then you will lose marks (but you will not lose all of the marks if it is still clear that you understand how options work).

    You have posted this under the heading ‘futures contracts’ and for forex they are completely different than options. (For interest rate risk there is a connection in that the options are options on futures as is explained in detail in my free lectures.)

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