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AMIS624X31 - Put Option Case with Sales Spot Rate $1.06...

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Put Option Case with Sales 12/01/2003 12/31/2003 03/01/2004 Option Value 12/01/2003 12/31/2003 03/01/2004 Spot Rate $1.06 $1.08 $1.01 Time Value $2,200 $1,700 $0 Strike Price $1.04 $1.04 $1.04 Intrinsic Valu 0 0 3,000 Fair Value $2,200 $1,700 $3,000 Total $2,200 $1,700 $3,000 Both Transactions Involve 100,000Euros 12/01/2003Accounts Rec 106,000 12/01/2003FX-Contract V 2,200 Sales 106,000 Cash 2,200 12/31/2003Accounts Rec 2,000 12/31/2003FX Loss 500 FX Gain 2,000 FX-Contract Value 500 03/01/2004FX Loss 7,000 03/01/2004FX-Contract V 1,300 Accounts Receivable 7,000 FX Gain 1,300 Cash 101,000 Cash 3,000 Accounts Receivable 101,000 FX-Contract Value 3,000
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Forward--Case to Sell Foreign Currency 10/17/2001 12/31/2001 01/15/2002 F'wd Value 10/17/2001 12/31/2001 01/15/2002 Spot Rate $0.90 $0.94 $0.92 Get $26,400 $26,400 $26,400 Forward Rate $0.88 $0.93 $0.92 Give 26,400 27,900 27,600 Effect/Discounting Net $0 ($1,500) ($1,200) Discounting n/a 0n/a Both Transactions Involve 30,000Euros Value of FX $0 ($1,500) ($1,200) 10/17/2001Accounts Rec 27,000 10/17/2001(memorandum only) Sales 27,000 12/31/2001Accounts Rec 1,200 12/31/2001FX Loss 1,500 FX Gain 1,200 FX-Contract Value 1,500 01/15/2002FX Loss 600 01/15/2002FX-Contract V 300 Accounts Receivable 600 FX Gain 300 Cash 27,600 FX-Contract V 1,200 Accounts Receivable 27,600 Cash 1,200
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