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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Netting Jun-13
Hi John,
the hedging question on Kenduri includes interco netting. The settlements are in 3 months time but the examiner uses the mid spot rather than mid forward rate. Shouldn’t the forward rate be used or am i missing something?
thanks
Brian
I think you have missed something 🙂
Read the last line of the first paragraph of the question 🙂
ah, good spot (literally). thanks!
You are welcome 🙂