Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

bs-regular
bs-extra-light
bs-light
bs-light
bs-cond-light-webfont
bs-medium
bs-bold
bs-black

Community


Share knowledge. Ask questions. Find answers.

Online Share Trading

Engage and learn about markets and trading online

CF questions

Reply
niemand
Contributor
Hi all, 2 quick questions w.r.t CF's. 1.) I want to hedge $ for my Dec trip (classic example here :-)) but I'd like to get the forex by early Dec instead of the standard futures close out times. Is this allowed? 2.) MTM calcs. These are done daily which means due to R/$ volatility on a daily basis,I'd have to be prepared to top-up for negative variable margin. Is this correct? Thanks!
0 Kudos
1 REPLY 1
SimonPB
Valued Contributor
you don't actually get the forex, the CF is rand settled on a daily basis. So any move would earn/loose you the move between now and then. Selling can be done whenever. And yes, MTM is daily, so you may need to top up margin if it goes against you.
0 Kudos