Question
6. Suppose that Deltrixs bid was successful, and it contracted to sell the IDR receivables at a rate of IDR13,450. a. Calculate the US$ amount
6. Suppose that Deltrixs bid was successful, and it contracted to sell the IDR receivables at a rate of IDR13,450.
a. Calculate the US$ amount it would receive at the end of 6 months assuming that the fixing JISDOR rate is equal to the actual transacted spot rate at maturity.
b. Assuming the NDF transaction in a., the fixing JISDOR rate is at IDR13,800 but the actual transacted spot rate is IDR13,815. Quantify the effect of the basis risk.
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The Global Financial Crisis And The New Monetary Consensus
Authors: Marc Pilkington
1st Edition
0415524059, 978-0415524056
