Omni Advisors, an intemational pension fund manager, plans to sell equities denominated in Swiss Francs (CHF)
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- Omni Advisors, an intemational pension fund manager, plans to sell equities denominated in Swiss Francs (CHF) and purchase an equivalent amount of equities denominated in South African Rands (ZAR) Omni will realize net proceeds of 3 million CHF at the end of 30 days and wants to eliminate the risk that the ZAR will appreciate relative to the CHF during this 30-day period. The following exhibit shows current exchange rates between the ZAR, CHF, and the U.S. dollar (USD) ZAR/USD Bid CHF/USD Maturity Spot 30-day 90-day ZAR/USD Ask CHF/USD Ask Describe the currency transaction that Omni should undertake to eliminate currency risk over the 30-dayperiod.
There is no quote for CHF Vs ZAR. Hence, the
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Published On:
07/07/2019
Last Updated:
07/07/2019
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257
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omni-advisors-an-intemational-pension-fund-manager-plans-to-sell-equities-denominated-in-swiss-francs-chf-78.docx
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