| 31. | In addition, banks would set up non-deliverable forward contracts.
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| 32. | The same potential loss scenario may be the case with the proposed non-deliverable forward contracts.
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| 33. | Aluminum alloy trades at around $ 1555 per metric ton for a three-month forward contract.
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| 34. | All the gold fulfilled maturing forward contracts where the contract price exceeded the spot price.
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| 35. | Hedging is done with forward contracts or currency options.
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| 36. | A non-deliverable forward contract is an instrument that borrowers use to cover their dollar liabilities.
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| 37. | Forward contracts involve the exchange of currencies at a set rate on a future date.
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| 38. | Now at Bt47-Bt48 per US dollar, the cost of settling the forward contracts is prohibitive.
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| 39. | It does not mend its mistakes by settling forward contracts when the baht is relatively stronger.
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| 40. | Until then, foreigners were required to hedge their bond positions with forward contracts to buy dollars.
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