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illustration 88 Dont we require to add marign to 63.7275 -the new forward contract rate? at time 7.44 also what does this 2nd question amount payable on usd 1 lak means? does it mean cancellation charges or exchange loss?
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Yes - i explained the margin part at 17min . 40 sec - pls go through the problem fully Secondly, on what is the amount payable on 1lac USD, it could mean the total amount payable including the cost of the new contract and gain loss on cancellation, etc 63.79 x 100000 + 93282 or it could mean cancellation gain loss as in part 1 they have asked only cancellation rate but not total cancellation amount
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