PURPOSE
To show illustration of NDF journal.
OVERVIEW
TRANSACTION DETAILS
| Accounting Base Ccy |
| Trade ID |
| Trade Date |
| Value Date |
| Fixing Date |
| Sell Ccy |
| Against Ccy |
| Sell Amount |
| Against Amount |
| Spot Reference Rate |
| Forward Points |
| Contract Rate |
| USD |
| NDF1001 |
| 25-Mar-03 |
3-Apr-03 |
1-Apr-03 |
IDR |
USD |
| -1,000,000,000.00 |
108,991.83 |
9165.000000 |
10.000000 |
9175.000000 |
Fixed At
| Fixing Rate |
9300.000000 |
SUMMARY OF JOURNALS
| ID | Date | Description |
|---|---|---|
| J1 | 31-Mar-03 | Month end revaluation |
| J2 | 1-Apr-03 | Reversal of Month end revaluation |
| J3 | 3-Apr-03 | Settlement of Trade |
J1 Month end revaluation
| TradeID | PostDate | B/P | Account | Ccy | Ccy Amount | Exc Rate | Ccy | Base Amount | Line |
|---|---|---|---|---|---|---|---|---|---|
| NDF1001 | 31-Mar-03 | B | NDF - Revaluation | USD | 296.18 | 1.000000 | USD | 296.18 | J1a |
| NDF1001 | 31-Mar-03 | P | FX - Unrealised Gains - NDF | USD | -296.18 | 1.000000 | USD | -296.18 | J1b |
Note J1a: The unrealised gain on the revaluation of the NDF is analyzed as follows:
| IDR | Rate+ | USD |
|
| At Closing Rate | 1,000,000,000.00 | 9,200.000000 | 108,695.65 |
| At Contract Date | 1,000,000,000.00 | 9,175.000000 | 108,991.83 |
| Gain in exchange | 296.18 |
+ Rates used for calculation are in full precision. Illustrated rates are rounded to 6dp.
J2 Reversal of Month end revaluation
| TradeID | PostDate | B/P | Account | Ccy | Ccy Amount | Exc Rate | Ccy | Base Amount | Line |
|---|---|---|---|---|---|---|---|---|---|
| NDF1001 | 1-Apr-03 | B | NDF - Revaluation | USD | -296.18 | 1.000000 | USD | -296.18 | J2a |
| NDF1001 | 1-Apr-03 | P | FX - Unrealised Gains - NDF | USD | 296.18 | 1.000000 | USD | 296.18 | J2b |
J3 Settlement of Trade
| TradeID | PostDate | B/P | Account | Ccy | Ccy Amount | Exc Rate | Ccy | Base Amount | Line |
|---|---|---|---|---|---|---|---|---|---|
| NDF1001 | 3-Apr-03 | B | Cash at Bank | USD | 1,464.95 | 1.000000 | USD | 1,464.95 | J3a |
| NDF1001 | 3-Apr-03 | P | NDF- Realised Gains - NDF | USD | -1,464.95 | 1.000000 | USD | -1,464.95 | J3b |
Note J3a: The realised gain on the NDF is analyzed as follows:
| IDR | Rate+ | USD |
|
| At Fixing Rate | 1,000,000,000.00 | 9,300.000000 | 107,526.88 |
| At Contract Rate | 1,000,000,000.00 | 9,175.000000 | 108,991.83 |
| Gain in exchange | 1,464.95 |
+ Rates used for calculation are in full precision. Illustrated rates are rounded to 6dp.
EXCHANGE RATES
Our illustration assumes the company uses different daily exchange rates for accounting.
The following rates were used for this illustration.
| Date | USD/IDR |
| 31-Mar-03 | 9200.000000 |
*Rates used for calculation are in full precision. Illustrated rates are rounded to 6dp.
FREQUENTLY ASKED QUESTIONS
RELATED INFORMATION
CHANGE HISTORY
| Date | By | Changes |
|---|---|---|
| 31-Jul-2008 | CS | Creation. |
| 13-Jun-2016 | RJ | Reformatted. |
| 24-Apr-2020 | LT | Re-formatting. |
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