Cast Study: 3 Mr. Ibrahim Mohammed Al Sagri working as Chief Forex Controller in Oman Air SAOG in Muscat, Oman since 22nd December 2013. During the COVID 19 lockdown period, Mr. Ibrahim Mohammed Al Sagri willing to invest by observing the market for a couple of weeks and decided to take a short position in OMR Futures that matures on 22nd April 2020. The agreed price on 13th April at 11.45 AM is OMR0.002302/PAK with a contract size of OMR 162,500. The Chief Forex Controller will take delivery of the OMR on 22nd April 2020 at the prevailing market price OMR 0.002371/PAK. The detail information pertaining to each and everyday trading price is provided for your reference: Country Date & Time Monday, April 13, 2020 @ 11.45 PM Monday, April 13, 2020 @ 3.00 PM Tuesday, April 14, 2020 @ 3.00 PM Wednesday, April 15, 2020 @ 3.00 PM Thursday, April 16, 2020 @ 3.00 PM Sunday, April 19, 2020 @ 3.00 PM Monday, April 20, 2020 @ 3.00 PM Tuesday, April 21, 2020 @ 3.00 PM Wednesday, April 22, 2020 @ 3.00 PM Currency vassi ap Reepu vassi ap Reepu passi ap Reepy nassi ap Reepy nassi ap Reepy vassi ap Reepu vassi ap Reepy nassi ap Reepu passi ap Reepy OMR/PAK 0.002302 0.002302 0.002302 0.002299 0.00229 0.002331 0.002333 0.002342 0.002371 Requirement: a) Calculate Mr. Ibrahim Mohammed Al Sagri daily cash flows statement based on Marking to Market? (6-Marks) b) What will be the total amount receivable by Mr. Ibrahim Mohammed Al Sage from the period 10th April 2020 to 21 April 2020? (2 - Mark) c) What will be the total amount payable during the contract period by Mr. Thrahim Mohammed Al Sagri? (2 - Mark) Cast Study: 3 Mr. Ibrahim Mohammed Al Sagri working as Chief Forex Controller in Oman Air SAOG in Muscat, Oman since 22nd December 2013. During the COVID 19 lockdown period, Mr. Ibrahim Mohammed Al Sagri willing to invest by observing the market for a couple of weeks and decided to take a short position in OMR Futures that matures on 22nd April 2020. The agreed price on 13th April at 11.45 AM is OMR0.002302/PAK with a contract size of OMR 162,500. The Chief Forex Controller will take delivery of the OMR on 22nd April 2020 at the prevailing market price OMR 0.002371/PAK. The detail information pertaining to each and everyday trading price is provided for your reference: Country Date & Time Monday, April 13, 2020 @ 11.45 PM Monday, April 13, 2020 @ 3.00 PM Tuesday, April 14, 2020 @ 3.00 PM Wednesday, April 15, 2020 @ 3.00 PM Thursday, April 16, 2020 @ 3.00 PM Sunday, April 19, 2020 @ 3.00 PM Monday, April 20, 2020 @ 3.00 PM Tuesday, April 21, 2020 @ 3.00 PM Wednesday, April 22, 2020 @ 3.00 PM Currency vassi ap Reepu vassi ap Reepu passi ap Reepy nassi ap Reepy nassi ap Reepy vassi ap Reepu vassi ap Reepy nassi ap Reepu passi ap Reepy OMR/PAK 0.002302 0.002302 0.002302 0.002299 0.00229 0.002331 0.002333 0.002342 0.002371 Requirement: a) Calculate Mr. Ibrahim Mohammed Al Sagri daily cash flows statement based on Marking to Market? (6-Marks) b) What will be the total amount receivable by Mr. Ibrahim Mohammed Al Sage from the period 10th April 2020 to 21 April 2020? (2 - Mark) c) What will be the total amount payable during the contract period by Mr. Thrahim Mohammed Al Sagri? (2 - Mark)
