Banking
FX Forward Contract — Fair Value Movement
Revaluing an outstanding FX forward contract at month-end based on current forward rates.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| FX Forward — Derivative Asset | Asset (+) | 5,000.00 | - |
| Unrealized FX Gain (Trading P&L) | Revenue (+) | - | 5,000.00 |
💡 Accountant's Note
Forward contracts in the trading book are marked-to-market daily. Gains and losses go directly to the P&L. For hedging relationships, gains/losses may go to OCI instead.
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