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A good question... clearly you've read using 3 month forwards and see they are more liquid than other FX forward instruments. I guess that if there were only 3 month forward contracts in the market then by buying and selling the 3 months for different maturities, you could structure a set of 1 month forwards. so from today 21st Aug to hedge a short ...


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a hidden markup in a dealer's favour? Who was the client? What tier of pricing are they on? What's the counter currency? If it's CAD or TRY then spot is T+1 not T+2. But I think "nonefaster" has the answer. What does the NZD roll forward time mean? Do you mean, say, that the forward desk changes its pricing source from London to New York? The forward ...


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Note NZD trade dates change at 7am Wellington which is 3pm Eastern at this time of year (not mid-day). Assuming your trade was on Friday after 3pm EDT then: - Trade Date would be Monday. - Value Date of Tomorrow would be Tuesday (a short dated forward) - Value Date of Spot would be Wednesday. You mention your value was Tuesday - I would therefore agree ...



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