Forward foreign exchange contract

Forward foreign exchange contract

Agreement that obligates an investor to deliver a specified quantity of one currency in return for a specified amount of another currency on a specified future date.
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According to court documents, in July 2000, Chia, allegedly forged company documents to apply for a revolving credit facility and a forward foreign exchange contract facility from Sakura Bank and about a month later allegedly used forged documents to obtain a loan from Fuji Bank.
This comes with a forward foreign exchange contract, which is an agreement, entered into today, to purchase or sell a fixed quantity of foreign exchange sea fixed future date.
This can be costly, as a large pension fund discovered when it hedged the interest payment on a French government bond with a forward foreign exchange contract and did not receive the payment on the payable date.
The remaining forward foreign exchange contract establishes a rate of exchange of Canadian dollar per Euro in 2005 of $1.
Net interest expense tumbled 30% to $21 million, while interest and other income skyrocketed 157% to $18 million, reflecting a $9 million gain related to forward foreign exchange contracts and U.
The mistake that is often made is preferring the use of forward foreign exchange contracts for 100 percent of your exposure.
The employees that have been placed on forced leave were dealing with non-deliverable forward foreign exchange contracts, which are a type of over-the-counter derivative used to hedge or speculate in thinly traded currencies.
Adjusted profit before tax, amortisation, share-based payments, restructuring costs and fair value of forward foreign exchange contracts amounted to GBP50.
Dairy Crest also uses forward foreign exchange contracts to hedge currency risks.
During the third quarter 2008, the Company entered into several forward foreign exchange contracts to manage market risks associated with the fluctuations in foreign currency exchange rates on foreign-denominated trade receivables.
36 N/A (1) In January 2004 Ag Growth realized a gain on the sale of its outstanding forward foreign exchange contracts.
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