NDF Journal

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

IDDateDescription
J131-Mar-03Month end revaluation
J21-Apr-03Reversal of Month end revaluation
J33-Apr-03Settlement of Trade

J1                      Month end revaluation

TradeIDPostDateB/PAccountCcyCcy AmountExc RateCcyBase AmountLine
NDF100131-Mar-03BNDF - RevaluationUSD296.181.000000USD296.18J1a
NDF100131-Mar-03PFX - Unrealised Gains - NDFUSD-296.181.000000USD-296.18J1b

Note J1a:            The unrealised gain on the revaluation of the NDF is analyzed as follows:

IDRRate+
USD
At Closing Rate1,000,000,000.009,200.000000
108,695.65
At Contract Date1,000,000,000.009,175.000000
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

TradeIDPostDateB/PAccountCcyCcy AmountExc RateCcyBase AmountLine
NDF10011-Apr-03BNDF - RevaluationUSD-296.181.000000USD-296.18J2a
NDF10011-Apr-03PFX - Unrealised Gains - NDFUSD296.181.000000USD296.18J2b

J3                       Settlement of Trade

TradeIDPostDateB/PAccountCcyCcy AmountExc RateCcyBase AmountLine
NDF10013-Apr-03BCash at BankUSD1,464.951.000000USD1,464.95J3a
NDF10013-Apr-03PNDF- Realised Gains - NDFUSD-1,464.951.000000USD-1,464.95J3b

Note J3a:            The realised gain on the NDF is analyzed as follows:

IDRRate+
USD
At Fixing Rate1,000,000,000.009,300.000000
107,526.88
At Contract Rate1,000,000,000.009,175.000000
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.

DateUSD/IDR
31-Mar-039200.000000

*Rates used for calculation are in full precision. Illustrated rates are rounded to 6dp.

FREQUENTLY ASKED QUESTIONS

RELATED INFORMATION

CHANGE HISTORY

DateByChanges
31-Jul-2008CSCreation.
13-Jun-2016RJReformatted.
24-Apr-2020LTRe-formatting.
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