Forex Future Contracts | Vkeel - Free Legal Advice

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Kochin

A futures contract I have with the bank sets the price of the exchange rate from USD to INR at a future date. My question is with regards to the cancellation of the contract. Simply put, as per the contract, what will the fees be if I cancel the contract prior to the contract date. Kindly let me know if you would be able to have a look at a few points from the contract and give me your two cents. I will send it over to you pronto on your response.

Expert's Answers(3)

Advocate Siddharth Srivastava
New Delhi, Delhi

Contract is required to be examined to suggest any remedy to cancel the contract. You may consult with detail.

June 18, 2020
Kishan Dutt Kalaskar 40 years Exp (Retired Judge)
Bengaluru Urban, Karnataka

187 Client Ratings

Sorry, for above answer. You may contact well versed advocate who is dealing in Foreign Exchange matters.

June 17, 2020
Kishan Dutt Kalaskar 40 years Exp (Retired Judge)
Bengaluru Urban, Karnataka

187 Client Ratings

Forex Future Contracts A futures contract I have with the bank sets the price of the exchange rate from USD to INR at a future date. My question is with regards to the cancellation of the contract. Simply put, as per the contract, what will the fees be if I cancel the contract prior to the contract date. Kindly let me know if you would be able to have a look at a few points from the contract and give me your two cents. I will send it over to you pronto on your response

June 17, 2020