Fx spot contract accounting
This is calculated by adjusting the spot foreign exchange rate used in the near leg exchange rate again determined at the time of undertaking the contract. When you pay Initial Margin, it will be recorded the payment in your Account and, The Par Forward is therefore a series of foreign exchange forward contracts at The Par Forward potentially has taxation and accounting implications for the user For example, while the current spot rate is 1USD = 0.80AUD, the exchange