Situation: June 4, you make an offsetting transaction, selling DM 500,000 for July 15 delivery forward at a rate of 0.83

a) You are free of any obligation with your bank.
• b) You are free of any obligation and the bank credits your account.
  No. You bought at 0.85 SFr/DM and you sold at 0.83, a loss of 0.02 SFr for each of the DM 500,000.
  c) You are free of any obligation and the bank debits your account.

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