Chapter 01 · Section 1.1
Swiss Importer - 3
Here is your problem: You do not need the DM 500,000 which you agreed to buy from your bank.
What should you do?
a) Take them anyway in July
b) Call up your bank to cancel the contract.
c) Negotiate a forward sale of DM 500,000 for July 15.
Remember the price changed in the meantime.