Question
Choose currency pairs Thai Baht(THB)/USD and enter into two forward contracts for delivery on Thursday, April 27. In striking your two forward contracts, you must
Choose currency pairs Thai Baht(THB)/USD and enter into two forward contracts for delivery on Thursday, April 27.
In striking your two forward contracts, you must include the following:
- What is the agreed upon rate?
-What is the reason do the business?
- What is the closing date of the deal?
- What is the delivery date of the commodity?
- What is the location and method of delivery of the commodity?
All deals must be closed no later than Thursday, April 27 at 4pm.
Here is a example:
Hello Guys.
Our company has 100 of high quality cashmere scarfs from Turkey so that the value is 46854.97 TRY (Turkey currency). Thus, I want to exchange our goods to physical GBP currency. As mention about additional option in the forward contract, the agreed upon rate will negotiate with our customer so that Don't hesitate the negotiation. Then, the closing date will be Aprill 27th 2017. Moreover, we can deliver our goods to you within 5 days from your order. For our location and method of delivery, the commodity will be ship from Turkey, Istanbul as well as send our goods to customers via FEDEX Priority Service. Additionally, we offer the payment link to customers who interest in our goods individually. From my second discussion, I selected the fifth pair of carry trades.
If you guys interest in my goods, please let me know that.
Thanks, we always do our best.
The Kims corporation
https://www.investing.com/currencies/try-gbp
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