Wanted to get input regarding accounting for a currency swap as haven’t done this before:
Near Leg:
Value Date: 07/04/2018
Amounts: GBP 100,000 EUR (113,992.61)
Far leg:
Value Date 07/07/2018
Amounts: GBP (100,000) EUR 113,648.10
What is the correct double entry to record this transaction?
Near Leg:
Value Date: 07/04/2018
Amounts: GBP 100,000 EUR (113,992.61)
Far leg:
Value Date 07/07/2018
Amounts: GBP (100,000) EUR 113,648.10
What is the correct double entry to record this transaction?