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Forward Contracts Rollover and Cash Settlement

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Hi,

 

We have done a forward contract USD - INR at 50.00 and then done the rollover at new rate 52.00. In the rollover transaction which was done at the rate 52.00, we also need to do the cash settlement of the original booking transaction as the original transaction is logically cancelled and the new transaction is booked.

 

The cash settlement is done at say  49.00. In this case the cash settlement amount should be (50.00 - 49.00) where as the system is calcuating the cash settlement amount as (52.00 - 49.00)

 

Should I use the cash settlement functionality of the booking transaction. Please suggest.

 

An help in this regard will be sincerely appreciated.

 

Warm regards,

Akhil Poddar


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