Cast Study: 3 Ms. Rafif Saif Sulaiman Al Muzaini working as Chief Forex Controller in Sohar Insurance SAOG in Muscat, Oman since 22nd December 2013. On 31th March 2020, Ms. Rafif Saif Sulaiman Al Muzaini willing to observe the market for a couple of weeks and decided to take a short position in OMR Futures that matures on 22 April 2020. The agreed price on 13h April at 11.30 AM is YEN 281.4919/OMR with a contract size of OMR 50,000. The Chief Forex Controller will take delivery of Japanese Yen on 22nd April 2020 at the prevailing market price YEN 280.623/OMR. The detail information pertaining to each and every day trading price is provided for your reference: Date & Time Monday, April 13, 2020 @ 11.30 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 Name Japanese Yen Japanese Yen Japanese Yen Japanese Yen Japanese Yen Japanese Yen Japanese Yen Japanese Yen Japanese Yen Country Name YEN/OMR 281.4919 280.2848 278.9478 278.9478 281.1121 280.8121 280.82 280.1277 280.623 Japan Requirement: a) Calculate Ms. Rafif Saif Sulaiman Al Muzaini daily cash flows statement based on Marking to Market? (6-Marks) b) What will be the total amount receivable by Ms. Rafif Saif Sulaiman Al Muzaini from the period 10 April 2020 to 21" April 2020? (2 - Mark) c) What will be the total amount payable during the contract period by Ms. Rafif Saif Sulaiman Al Muzaini? (2 - Mark) Cast Study: 3 Ms. Rafif Saif Sulaiman Al Muzaini working as Chief Forex Controller in Sohar Insurance SAOG in Muscat, Oman since 22nd December 2013. On 31th March 2020, Ms. Rafif Saif Sulaiman Al Muzaini willing to observe the market for a couple of weeks and decided to take a short position in OMR Futures that matures on 22 April 2020. The agreed price on 13h April at 11.30 AM is YEN 281.4919/OMR with a contract size of OMR 50,000. The Chief Forex Controller will take delivery of Japanese Yen on 22nd April 2020 at the prevailing market price YEN 280.623/OMR. The detail information pertaining to each and every day trading price is provided for your reference: Date & Time Monday, April 13, 2020 @ 11.30 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 Name Japanese Yen Japanese Yen Japanese Yen Japanese Yen Japanese Yen Japanese Yen Japanese Yen Japanese Yen Japanese Yen Country Name YEN/OMR 281.4919 280.2848 278.9478 278.9478 281.1121 280.8121 280.82 280.1277 280.623 Japan Requirement: a) Calculate Ms. Rafif Saif Sulaiman Al Muzaini daily cash flows statement based on Marking to Market? (6-Marks) b) What will be the total amount receivable by Ms. Rafif Saif Sulaiman Al Muzaini from the period 10 April 2020 to 21" April 2020? (2 - Mark) c) What will be the total amount payable during the contract period by Ms. Rafif Saif Sulaiman Al Muzaini? (2 - Mark)
