Early delivery of FOREX

This query is : Resolved

CA Sahil Singla.. (Querist)
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10 June 2011 Sir

Could you please tell me the steps involved in case of Early Delivery in Foreign Exchange Contracts when the customer is of Exporter Type ?

CA Suresh Jain

CA Suresh Jain (Expert)
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11 June 2011 The contract is for a specific date and therefore, early delivery is not possible. You can cancel the contract and convert the currency on current date.
If you have received the remittance earlier than the date of forward contract you keep the money in EEFC account and square-up the ttransaction on due date. Consultancy for free CA Suresh Jain, sureshjain.nj@gmail.com

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