May 2015-Fate of forward contract

AFM

I understood that they have considered 15 days as per earlier law however still I did not understood calculation for swap as per them because as per me it seems like optionally deliverable fwd contract at 63.95 and sold at spot on 10th june 63.8 so difference between then is swap

Hrishikesh Pradhan

Qualified CA

★ 18K+

15-Nov-25 17:33

157

Answers (5)

yes. solution in our material too made a video on this concept https://youtu.be/4ybVW3MgxT8

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Sriram Somayajula

Admin

15-Nov-25 18:54

Swap

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Sriram Somayajula

Admin

15-Nov-25 18:55

Yes, so there solution is wrong right ? I think they have interpolated it

Thread Starter

Hrishikesh Pradhan

Qualified CA

★ 18K+

15-Nov-25 19:09

Thread Starter

Hrishikesh Pradhan

Yes, so there solution is wrong right ? I think they have interpolated it

They computed incorrectly - your understanding is correct chk pg 10.42 icai sm same question - scanner is wrong 👇 https://resource.cdn.icai.org/87851bos-aps2163-ch10.pdf

Sriram Somayajula

Admin

15-Nov-25 19:29

Sriram Somayajula Admin

They computed incorrectly - your understanding is correct chk pg 10.42 icai sm same question - scanner is wrong 👇 https://resource.cdn.icai.org/87851bos-aps2163-ch10.pdf

Ok sir ! Thank you

Thread Starter

Hrishikesh Pradhan

Qualified CA

★ 18K+

15-Nov-25 19:42