Explain how a U.S. corporation could hedge net receivables in Malaysian ringgit with a forward contract. The U.S. corporation could in exchange for ringoit forward using a forward contract. This is accomplished by negotiating with a bank to provide the bank at a specified exchange rate (the forward rate) for a specified future date. Explain how a U.S. corporation could hedge payables in Canadian dollars with a forward contract. The U.S. corporation could bank dollars in exchange for Canadian dollars forward using a forward contract. This is accomplished by negotiating with a bank to provide the dollars at a specified exchange rate (the forward rate) for a specified future date