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Locked in rate

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Locked in rate

  • This topic has 3 replies, 2 voices, and was last updated 10 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
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    Posts
  • May 28, 2015 at 9:23 am #249772
    Haru13
    Member
    • Topics: 8
    • Replies: 9
    • ☆

    Hi sir,

    When calculating the locked in rate for futures, when do we need need to plus the basis and when do we need to minus? Getting quite confuse when we have to plus or minus. Can you explain please?

    Thanks so much!

    May 28, 2015 at 9:35 am #249780
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54761
    • ☆☆☆☆☆

    The lock-in rate will always be between the current spot rate and the current futures price, so that lets you decide whether you need to add or subtract 🙂

    May 28, 2015 at 3:54 pm #249901
    Haru13
    Member
    • Topics: 8
    • Replies: 9
    • ☆

    Thanks sir, I hv just figured out before I see your reply! Thanks anyway 🙂

    May 28, 2015 at 8:08 pm #249982
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54761
    • ☆☆☆☆☆

    You are welcome 🙂

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