First Transaction: (CAN$$)

1. On Sept 01, 20x7, Push Corp orders inventory items A from Canadian Corporation.

2. Within 60 days, the delivery of the Canadian inventory parts will take place, Nov 1, 20x7.

3. The contract price is Canadian ($) 10,000 to be paid in 180 days, 6 months. May 01, 20xx

4. On Sept 01, 20x7, Push Corporation hedges its foreign currency payable commitment with a forward exchange contract to receive Canadian $ for 10,000 in 240 days (60+180).

Section Transaction: (YEN)

1. On Nov 01, 20x7, Push Corporation orders inventory items B from Japan Corporation.

2. Within 30 days, the delivery of the Japan inventory parts will take place, Dec 01, 20x7.

3. The contract price is Japan Yen (Y) 10,000 to be paid with 90 days, 3 months after delivery. March 01, 20xx

4. On Nov 01, 20x7 Push Corporation hedges its foreign currency payable commitment with a forward exchange contract to receive Japan (Y) 10,000 in 120 days (30 + 90).