The Inquiry came to the conclusion that a tear had probably developed in the forward cover, this in turn causing one or more of the forward gasbags to fail.
12.
In the arrangement, the BSP would provide forward cover to banks extending NDFs to unhedged FCDU borrowers by selling forward at the market and buying back the dollars on maturity date.
13.
If the picture is just a straight-forward cover scan, the scanner can't very well complain ( " hey, you're copying my copy of someone else's work . . . " ).
14.
In the arrangement, the BSP would provide forward cover to the banks which had extended NDFs to unhedged FCDU borrowers by selling forwardat the market and buying back the dollars onmaturity date.
15.
The central bank will provide forward cover to banks that have extended currency risk protection to unhedged dollar borrowers by selling forwards at the market and buying back the dollars on maturity date.
16.
The 1 2 2 is a bit more conservative system where one forward pressures the puck carrier and the other two forwards cover the oppositions'wingers, with the two defencemen staying at the blueline.
17.
The forward cover was extended by the BSP to encourage banks to sell dollars as most banks, corporations and individuals had chosen to be long on greenbacks in anticipation of a further peso depreciation.
18.
Boyne likewise denied knowledge of any forward cover for its dollar transactions from the central monetary authority other than the forward cover banks would receive under the currency risk protection ( CRP ) hedging facility.
19.
Boyne likewise denied knowledge of any forward cover for its dollar transactions from the central monetary authority other than the forward cover banks would receive under the currency risk protection ( CRP ) hedging facility.
20.
Under the CRP arrangement, BSP would provide forward cover to banks which had extended non-deliverable forward contracts ( NDFs ) to unhedged dollar borrowers by selling forward at the market and buying back the dollars on maturity date.
