09 September 2010 Thursday 

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TLDolar

Physically Delivered "TurkDEX-TRYUSDollar" Futures

Overview

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

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

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

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