My Client gets a forward contract to hedge against the imports. These contracts are for a specified time and amount. I am intending to use product type 60B or 60C for the same. I have the following question -
- Since the contract needs to be settled once the time or amount is reached. As i understand the time tracking will have to be done manually with the help of standard reports. However for the amount, the same linked to the PO and Invoice, PLEASE LET ME KNOW IF THIS LINKING IS POSSIBLE AND ALSO HOW CAN I TRACK THE BALANCE AVAILABLE IN THE CONTRACT AFTER EACH UTILIZATION, IS THERE A STANDARD WAY TO DO THIS.
- Which of the STANDARD product is recomended. Since in 60B i do not find any end date while 60C offers another additional TAB for HEdged where this expiration date can be entered.
Thanks