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L / C in the futures market?
Hello, I need to know the procedure for the sale of an L / C or B / A in the futures market. There is acceptance banking traded futures contracts (BAX) in the derivatives market in Montreal, Canada. Besides, I need to know why an export to resort to buying or sale of a B / A future to cover the currency exchange rate risk as he could simply sell its receivables to a bank or buy separately from FOREX?
BAX is completely different from the sale of A / R or buying currency derivatives. It hedges against changes in interest rates, no risk of payment or f / x movement.
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UFX Bank - Forex - How to open a position
