Although the definition of a foreign currency contract provided in 1256(g)(2) may be read to include a foreign currency option contract
, the legislative history of the Technical Corrections Act of 1982, which amended 1256 to include foreign currency contracts, indicates that the Congress intended to extend [section] 1256 treatment only to foreign currency forward contracts that are traded on the interbank market.
RBI has subsequently permitted introduction of currency option contracts
involving the INR on exchanges.
The petitioner, Michael Napoliello, entered into two pairs of offsetting long and short foreign currency option contracts
held by an LLC of which he was the sole member.
dollar receivables or payables is a type of transaction risk which can be hedged using forward foreign exchange or foreign currency option contracts
In this two-part interview, they break down the mechanics and uses of these innovative currency option contracts
3 million on derivative instruments relating to foreign currency option contracts