Derivatives Swaps, Forwards & Futures

CFA Level III Derivatives
#1

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My question is if the UK portfolio exposure is Pound 10mn, how has the question used 8mn to reduce UK exposure and 10mn to increase US exposure?
Any help will be appreciated

#2

Looks wrong to me, should be hedging the 10M pound. Can you send the actual question as well?

#3

Yes: it’s fouled up.

You should let CFA Institute know. They have an on-line form, here.

#4

Sure Thanks a lot @S2000magician

#5

@Mind_The_GAAP this is the complete question for LES on the website