https://www.taxtmi.com/forum/issue?id=2811 Derivatives such as forwards, futures, swaps and options derive value from underlying prices; when used as a hedge to reduce exchange risk, contract costs (premiums and bank margins) must be amortised over the contract term. If a forward contract is cancelled before maturity, any profit reported by the counterparty is typically settled only at the original maturity, requiring accrual of the profit on the cancellation date and recognition of the receipt at the contract due date. en-us Sat, 19 Feb 2011 09:23:31 +0530 Thu, 23 Jan 2025 15:58:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2811 Derivatives such as forwards, futures, swaps and options derive value from underlying prices; when used as a hedge to reduce exchange risk, contract costs (premiums and bank margins) must be amortised over the contract term. If a forward contract is cancelled before maturity, any profit reported by the counterparty is typically settled only at the original maturity, requiring accrual of the profit on the cancellation date and recognition of the receipt at the contract due date. Discussion-Forum Companies Law Sat, 19 Feb 2011 09:23:31 +0530 https://www.taxtmi.com/forum/issue?id=2811