Amount $ 2,650,000.

00 Payable
June 1.905
Sep 1.900
CME Sterling 62,500.00

No of Contract 22.32

Aug 1.92
Profit on Future Contract (1.92-1.90)*62500 1250 22 27,500
Received From party 2,650,000
2,677,500

Receipt 2677500/1.92 1,394,531.25

Exective Rate 2650000/1394531.25 1.90028
22 Contract (1.90*62500*22) 2,612,500.00
Unheadge 37,500.00
Unhedge on spot rate 37500/1.92 19,531
Hedge on future Rate 22*62500 1,375,000
1,394,531
Amount $ 5,200,000.00 Payable
June 1.905
Sep 1.900
CME Sterling 62,500.00

No of Contract 43.79

Aug 1.92
Profit on Future Contract (1.92-1.90)*62500 1250 43 53,750
Received From party 5,200,000
5,253,750

Receipt 5253750/1.92 2,736,328.13

Excahnce Rate 5200000/2736328 1.90036
22 Contract (1.90*62500*43) 5,106,250.00
Unheadge 93,750.00
Unhedge on spot rate 93750/1.92 48828.125
Hedge on future Rate 43*62500 2,687,500
2,736,328
Sale 3,000,000
Period 3 Month
Spot Rate 1.95
3 Month Put Option 1.97
Cost 0.02

Amount Received if Option exercises

3000000/1.97 1,522,843
Cost
1522843*0.02 30,457

Net Amount 1,522,842.64

30456.86/1.95 (15,618.90)
1,507,223.74

Dollar Appreciate 1.92

Option not exercise But Premium paid already
Net Amount
3000000/1.92 1562500
Cost 30456.86/1.95 -15618.902564
1,546,881
Payable 2,000,000 SFR Today Cost of Machine
Period 6 Month 1- Remain unchange
Spote Exchange Rate S $ 1.300/ SFR - S $ 1.350/ SFR
3 Month Forward S $ 1.285/ SFR - S $ 1.335/ SFR
Interest Rate Switzerland Singapur 2-Forward Contract
6 Month Borrowing 8% 6%
6 Month Deposit 6% 4% 3- Money Market
6 month Borrow Rate
Borrow Money
6 month Spot Rate S $ 1.285/ SFR - S $ 1.320/ SFR Amount Required current
6 month Spot Rate S $ 1.450/ SFR - S $ 1.500/ SFR 6 month Deposit Rate
Deposit Money

4- Option
Premium
a)
Cost
Premium
Total
Premium
b)
Cost
Premium
Total
2000000*1.350 2,700,000

2000000*1.320 2,640,000
2000000*1.5 3,000,000

2000000*1.335 2,670,000

6% 0
SFr 2000000/(1+0.03) 1,941,748
1941748*1.350 2,621,360
6% 0
261360 * 1+0.03 2,700,001

2000000*0.03 60,000

2000000*1.32 2,640,000
60,000
2,700,000
2000000*0.03 60,000

2000000*1.33 2,660,000
60,000
2,720,000
378 387
405 416
440 452
454 477