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Financial Treasury and Forex management – Rollover of Forward Contract

CS Professional Course – Financial Treasury and Forex management – Rollover of Forward Contract

Rollover of Forward Contract
In India, Foreign Exchange Dealers Association of India (FEDAI) rules do not allow a forward contract to be booked for more than 1 year. In case, a person has a foreign exchange exposure for more than 1 year, then he may enter into rollover of forward contract agreement.
Under Rollover of Forward Contract arrangement, the bank covers the entire foreign exchange exposure even for more than 1 year. However, since the foreign currency exposure cannot be entirely settled at the end of 1 year, hence the unsettled foreign currency exposure will be rolled over for a maximum period of next 1 year.
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