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.
Watch the recorded explanation of steps of rollover by clicking online classes for CS Professional
For more Financial Treasury and Forex Management notes (FTFM Online Classes) Ethics, governance and sustainability notes; Corporate Restructuring, valuation and insolvency notes; online courses of CS Foundation, Executive or Professional, kindly visit www.takshilalearning.com
Takshila Learning offers online classes for CS preparation. We provide exceptional features to students that distinguish us from the rest of the institutes. We have the best of everything assembled together to deliver best results
Comments
Post a Comment
Thank you we will contact ASAP.