09 September 2010 Thursday 

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TLDolar

Physically Delivered "TurkDEX-TRYEuro" Futures

Overview

Changes in exchange rates may impose reasonable risk for individuals, firms and financial institutions. Investors may use Physically Delivered TRYEuro future contract to hedge exchange rate risk without spot trading. Physically Delivered TRYEuro contract might also be used for investment purposes other than hedging.

If you need euros or you will need euros in the future, you will be able to fix your euro cost in Turkish Lira and get the amount of euros you trade at maturity without any spot trade. On the other hand, if you have euros or you will have euros in the future, you will be able to fix your receivables in Turkish Lira and pay the amount of euros you trade at maturity without any spot trade.

Investors can offset their positions in Physically Delivered TRYEuro contract before maturity in case they do not want physical delivery.

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