Hi Precious,
Thanks for the reply.
Please consider the following hypothetical scenario.
Please note that I would like to carry revaluation of the forex positions. i.e. Foreign Currency bought and is in possession for which no forward or options are created.
e.g. Company Code Currency is USD. On 25 of October, CAD 10,000,000 (using exchange rate 1:1) is bought for the purpose of repayment of a foreign loan due on 3rd of November.
On 31st October, we need to show this position using spot rate (1:1.05) on that date. We need to book the resultant gain.
Can this be done in TRM or we need to resort to FI.?
Thanks,
Ravi Kumar