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Former Member
Dec 29, 2009 at 04:53 AM

Partial utilisation of forward contract

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Hi,

Can anybody tell me how to do partial utilization of a Forward Contract .

Eg:-

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?

Please advise.

Thanks & Regards

Ramesh Nair