ANALYSIS OF NON DELIVERABLE FORWARD TRANSACTION WITH CASH SETTLEMENT METHOD IN ACCOUNTING FOR INVESTORS’ PROFIT - LOSS ON STANDARD CHARTERED BANK
Sisca Ayu Wulandari
Gunadarma University
ABSTRACT
The movement of foreign exchange (forex) experienced a significant movement to attract some private actors to enter the foreign exchange market. Basically, investors invest only for investment purposes. But with the progress of the age is given several alternatives for investors to invest their money in the form of forward contracts.
The aim in writing this paper is to investigate the characteristics of the transactions Non-Deliverable Forward (NDF), and to determine the method of calculation of Cash Settlement in investors' profit-loss account at Standard Chartered Bank.
Non-Deliverable Forward transactions where the transaction is calculated using the method of Cash Settlement in which the calculation of earnings - income derived from foreign investors of the contract price with the price of foreign exchange now. Where is the forward contract period is seven days to one year. Non-Deliverable Forward transactions that are traded in foreign currencies is USD, GBP, CAD, JPY, EUR,CHF,etc..
Based on this research, in the case of a contract of USD / IDR with the market rate is higher than the forward exchange rate then the investor getting a profit of Rp128.120.000 vice versa in the case of three contracts CHF / IDR with a lower market rate of exchange then the investor loses forward Rp274.620.000.
The aim in writing this paper is to investigate the characteristics of the transactions Non-Deliverable Forward (NDF), and to determine the method of calculation of Cash Settlement in investors' profit-loss account at Standard Chartered Bank.
Non-Deliverable Forward transactions where the transaction is calculated using the method of Cash Settlement in which the calculation of earnings - income derived from foreign investors of the contract price with the price of foreign exchange now. Where is the forward contract period is seven days to one year. Non-Deliverable Forward transactions that are traded in foreign currencies is USD, GBP, CAD, JPY, EUR,CHF,etc..
Based on this research, in the case of a contract of USD / IDR with the market rate is higher than the forward exchange rate then the investor getting a profit of Rp128.120.000 vice versa in the case of three contracts CHF / IDR with a lower market rate of exchange then the investor loses forward Rp274.620.000.
Keyword : Non Deliverable Forward, Cash Settlement
This journal is in the process became a national journal.
ANALISIS TRANSAKSI NON DELIVERABLE FORWARD DENGAN METODE CASH SETTLEMENT DALAM MEMPERHITUNGKAN LABA – RUGI INVESTOR PADA BANK STANDARD CHARTERED
Sisca Ayu Wulandari
Gunadarma University
ABSTRAKSI
Pergerakan kurs valuta asing (valas) mengalami pergerakan yang cukup signifikan sehingga menarik beberapa kalangan tertentu untuk memasuki pasar valuta asing. Pada dasarnya investor hanya menanamkan modalnya untuk kepentingan investasi. Tetapi dengan kemajuan zaman investor diberikan beberapa alternatif untuk menanamkan modalnya dalam bentuk kontrak forward.
Tujuan dalam penulisan skripsi ini adalah untuk mengetahui karakteristik dari transaksi Non Deliverable Forward (NDF), dan untuk mengetahui perhitungan dengan metode Cash Settlement di dalam memperhitungkan laba- rugi investor pada Bank Standard Chartered.
Transaksi Non Deliverable Forward dimana transaksi ini dihitung dengan menggunakan metode Cash Settlement dimana perhitungan laba – rugi investor didapat dari selisih dari harga kontrak dengan harga valuta asing sekarang. Dimana jangka waktu kontrak forward ini adalah 7 hari sampai dengan 1 tahun. Transaksi Non Deliverable Forward yang diperdagangkan dalam bentuk valuta asing yaitu USD, GBP, CAD, JPY, EUR, CHF, dsb.
Berdasarkan hasil penelitian, pada kasus 1 dengan kontrak USD/IDR dengan kurs pasar lebih tinggi dari kurs forward maka pihak investor mendapatkan keuntungan sebesar Rp128.120.000 sebaliknya pada kasus 3 dengan kontrak CHF/IDR dengan kurs pasar lebih rendah dari kurs forward maka investor mengalami kerugian sebesar Rp274.620.000.
Kata Kunci : Non Deliverable Forward, Cash Settlement
Jurnal ini sedang menuju dalam proses pemuatan jurnal nasional.
