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SCRATCH
SCRATCH
PAYABLE
MEASUREMENT DATES DIRECT; MULTIPLY
SPOT RATE LIAB/PAYABLE
2019 DATE OF TRNX PHP 12.3263 DIRHAMS 120,000.00
2019 B/S DATE PHP 12.33 DIRHAMS 120,000.00
2020 DATE OF SETTLEMENT PHP 12.3416 DIRHAMS 120,000.00
NON-DERIVA
GROSS M.
FPRWARD EX-C OPTION CON SIMILARITIES
sure tuloy may not both have 'underlyer'
i.e exchange rate
both settled in FUTURE DATES
DIFFERENCE
DOLLAR WILL WEAKEN SITUATATION: MEANS PESO WILL STRENGTEN, LOSS: SALE/UNDER AR CONC
HEDGE ITEM
EXPORT:SALES TNX SPOT RATE ASSET/RECEIVABLE
10/1/2018 DATE OF TRNX PHP 46.35 USD 80,000.00
12/31/2019 B/S DATE PHP 46
3/31/2019 DATE OF SETTLEMENT PHP 45.6
SAME SALE SHORT CUT LOSS 4T
TNX
HEDGE INSTRUMENT
HEDGE SALE FOREX 6 MOS. FORWARC : SALE OF $80,000
ON CURRENCY RISK IN USD FORWARD LIAB/AP TO BANK
10/1/2018 180-DAY rem.days PHP 46.3 USD 80,000.00
12/31/2019 90 -DAY rem days PHP 45.8 "CONTRACT PAYABLE"
3/31/2019 spot rate na PHP 45.6 USD 80,000
Qs; HOW MUCH IS THE G/L IN EXCHANGE CONTRACT IN 2019? ANS. P40,000 forex gain
HOW MUCH IS THE G/L IN EXCHANGE CONTRACT I(no date)? ANS. Total P56,000 forex gain
HOW MUCH IS THE G/L IN EXCHANGE CONTRACT IN 2020? ANS. P16,000 forex gain
HEDGE INSTRUMENT-
HEDGE PURCH FOREX 6 MOS. FORWARC : SALE OF $80,000
ON DEIVATIVE FORWARD LIAB/AP TO BANK
12/1/2018 90-DAY rem.days PHP 54 USD 20,000.00
12/31/2018 60-DAY rem days PHP 53.8 "CONTRACT PAYABLE"
3/1/2019 spot rate na PHP 53.7 USD PABAGO-BAG
FOREX GAIN
PV 1% 2 mos
AR
AR IN PESO DIFFERENCE
789,431.00
791,967.50 2,536.50 2019 Forex GAIN INC AR
784,842.50 (7,125.00) 2020 Forex loss dec in AR
(4,588.50) TL LOSS (ANS.IF NO
SPC DATE ASKED
FOR FX GAIN/LOSS
SHORTCUT SHORTCUT IF NO DATE IN Qs
DOT SR-DOS SR * FOREX = TL G/L
DERIVATIVE
NET.M
SIMILARITIES
have 'underlyer'
AR
AP IN PESO G/L (DIFF) HEDGE ITEM
55,000.00
56,000.00 (1,000.00) 2019 Forex LOSS INC AP
55,000.00 1,000.00 2020 Forex LOSS DEC.AP
OPPOSITE - TL FXLOSS
PORT:AR CONCEPT
BSD DOS NET EFFECT
12/31/2018 3/1/2019
1.316 1.3
0.011 -0.016
11,000.00 FREX LOSS -16000 (5,000.00)
10,783.00 bal.fig -15,783 (5,000.00)
-0.011 0.016
(11,000.00) FREX LOSS 16000 5,000.00
(10,783.00) bal.fig -15,783 5,000.00