Can anybody tell me how to do partial utilization of a Forward Contract .
On 01.01.2009 we have taken a forward cover of 1,00,000 USD @ 48.15 for 1 year .
On 15.04.2009 20,000 USD @ 49.85 has been utilised for paying off a loan.
Is there any standard process to enter the partial utilisation? Or we will have to do a premature settlement with the unutilised portion on 15.04.2009? But,if we do a premature settlement,how to realise gain/loss on utilised portion?
Thanks & Regards