JPIA Letran Calamba

𝑯𝒂𝒑𝒑𝒚 𝑩𝒊𝒓𝒕𝒉𝒅𝒂𝒚 to our dedicated 2nd Year Representative, 𝑪𝒉𝒓𝒊𝒔𝒕𝒊𝒏𝒆 𝑲𝒆𝒊𝒓𝒂 𝑵𝒂𝒅𝒂𝒍! 🎉💛

Your hard work, kindness, and commitment continue to inspire your fellow JPIAns every day. Thank you for being a reliable leader and a great support to the organization.

✨ 𝑴𝒂𝒚 𝒚𝒐𝒖𝒓 𝒅𝒂𝒚 𝒃𝒆 𝒂𝒔 𝒂𝒎𝒂𝒛𝒊𝒏𝒈 𝒂𝒔 𝒚𝒐𝒖 𝒂𝒓𝒆, 𝒂𝒏𝒅 𝒎𝒂𝒚 𝒔𝒖𝒄𝒄𝒆𝒔𝒔 𝒂𝒏𝒅 𝒉𝒂𝒑𝒑𝒊𝒏𝒆𝒔𝒔 𝒂𝒍𝒘𝒂𝒚𝒔 𝒇𝒐𝒍𝒍𝒐𝒘 𝒚𝒐𝒖! 🎂🐯

-LC

𝐖𝐚𝐫𝐦𝐞𝐬𝐭 𝐛𝐢𝐫𝐭𝐡𝐝𝐚𝐲 𝐰𝐢𝐬𝐡𝐞𝐬 𝐭𝐨 𝐨𝐮𝐫 𝐕𝐏 𝐟𝐨𝐫 𝐌𝐞𝐦𝐛𝐞𝐫𝐬𝐡𝐢𝐩! 🎉💛

Thank you for your continued efforts in strengthening engagement and building a more connected JPIA community. 𝗬𝗼𝘂𝗿 𝘄𝗼𝗿𝗸 𝗵𝗲𝗹𝗽𝘀 𝗰𝗿𝗲𝗮𝘁𝗲 𝗮 𝗺𝗼𝗿𝗲 𝗶𝗻𝗰𝗹𝘂𝘀𝗶𝘃𝗲 𝗮𝗻𝗱 𝘄𝗲𝗹𝗰𝗼𝗺𝗶𝗻𝗴 𝗲𝗻𝘃𝗶𝗿𝗼𝗻𝗺𝗲𝗻𝘁 𝗳𝗼𝗿 𝗮𝗹𝗹 𝗺𝗲𝗺𝗯𝗲𝗿𝘀. ✨

𝙒𝙞𝙨𝙝𝙞𝙣𝙜 𝙮𝙤𝙪 𝙖 𝙜𝙧𝙚𝙖𝙩 𝙗𝙞𝙧𝙩𝙝𝙙𝙖𝙮 𝙖𝙣𝙙 𝙖 𝙥𝙧𝙤𝙙𝙪𝙘𝙩𝙞𝙫𝙚, 𝙨𝙪𝙘𝙘𝙚𝙨𝙨𝙛𝙪𝙡 𝙮𝙚𝙖𝙧 𝙖𝙝𝙚𝙖𝙙. 🎂🎈

Midterms start today, JPIAns! 📚✨

This is your moment to show the hard work, late nights, and dedication you’ve poured into your studies. Remember, success isn’t about being perfect—it’s about giving your best in every step you take.

Stay focused, stay calm, and trust in what you’ve prepared. You’ve come this far for a reason.

Good luck on your exams—go make yourselves proud!

💡 𝐃𝐀𝐘 𝟏𝟑 – 𝐀𝐂𝐂𝐎𝐔𝐍𝐓𝐈𝐍𝐆 𝐐𝐔𝐈𝐂𝐊 𝐐𝐔𝐈𝐙 𝐒𝐄𝐑𝐈𝐄𝐒 💡

This Week’s Focus: 𝗕𝗮𝘀𝗶𝗰 𝗗𝗲𝗿𝗶𝘃𝗮𝘁𝗶𝘃𝗲𝘀
Rule: 𝗔𝗻𝘀𝘄𝗲𝗿 𝗼𝗻𝗹𝘆 𝘄𝗵𝗮𝘁 𝗶𝘀 𝗮𝘀𝗸𝗲𝗱!
Here’s the twist! 👀
Your entry only counts if you 𝗦𝗵𝗮𝗿𝗲 𝘁𝗵𝗲 𝗽𝗼𝘀𝘁, 𝘁𝗮𝗽 𝘁𝗵𝗲 𝗛𝗲𝗮𝗿𝘁 ❤️, 𝗮𝗻𝗱 𝘂𝘀𝗲 𝗮𝗹𝗹 𝘁𝗵𝗲 𝗹𝗶𝘀𝘁𝗲𝗱 𝗵𝗮𝘀𝗵𝘁𝗮𝗴𝘀.
Answer correctly to score 1 point 🎯, and keep playing—even bigger surprises are waiting for you! 🎉

𝗞𝗲𝘆 𝗧𝗲𝗿𝗺𝘀 𝘁𝗼 𝗞𝗻𝗼𝘄
𝟭. 𝗙𝗼𝗿𝘄𝗮𝗿𝗱 𝗖𝗼𝗻𝘁𝗿𝗮𝗰𝘁
A forward contract is an agreement between two parties to buy or sell an asset, such as foreign currency, at a predetermined price on a specified future date. The agreed price in the contract is called the forward rate. In this problem, the contracted forward rate is P60.00 per euro.

𝟮. 𝗡𝗼𝘁𝗶𝗼𝗻𝗮𝗹 𝗔𝗺𝗼𝘂𝗻𝘁
The notional amount refers to the quantity of the underlying asset stated in the contract that serves as the basis for computing the value of the derivative. It does not necessarily represent the amount exchanged at the start of the contract. In this case, the notional amount is 100,000 euros.

𝟯. 𝗗𝗲𝗿𝗶𝘃𝗮𝘁𝗶𝘃𝗲 𝗔𝘀𝘀𝗲𝘁 𝗮𝗻𝗱 𝗗𝗲𝗿𝗶𝘃𝗮𝘁𝗶𝘃𝗲 𝗟𝗶𝗮𝗯𝗶𝗹𝗶𝘁𝘆
The value of a derivative changes depending on movements in the underlying variable, such as the exchange rate. A derivative asset arises when the change in the market rate results in a gain to the entity. A derivative liability arises when the change in the market rate results in a loss to the entity.

𝟰. 𝗦𝗵𝗼𝗿𝘁 𝗣𝗼𝘀𝗶𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗟𝗼𝗻𝗴 𝗣𝗼𝘀𝗶𝘁𝗶𝗼𝗻
A short position means the entity agrees to sell the underlying asset in the future. The entity benefits when the price decreases but incurs a loss when the price increases. A long position means the entity agrees to buy the underlying asset in the future. The entity benefits when the price increases but incurs a loss when the price decreases.

𝟱. 𝗙𝗼𝗿𝘄𝗮𝗿𝗱 𝗥𝗮𝘁𝗲 𝗮𝗻𝗱 𝗦𝗽𝗼𝘁 𝗥𝗮𝘁𝗲
The forward rate is the agreed exchange rate for a transaction that will occur at a future date, while the spot rate is the current exchange rate for immediate delivery. In valuing forward contracts at the reporting date, the forward rate for the remaining term of the contract is generally used rather than the spot rate.

𝗜𝗻𝘀𝘁𝗿𝘂𝗰𝘁𝗶𝗼𝗻𝘀:
💬 Comment your answer below! Don’t forget to include the hashtags stated in this post in your comment.
🏆 Points for each correct answer. 𝗧𝗼𝗽 𝘀𝗰𝗼𝗿𝗲𝗿 𝗴𝗲𝘁𝘀 𝗮 𝘀𝗲𝗺𝗲𝘀𝘁𝗲𝗿-𝗲𝗻𝗱 𝗶𝗻𝗰𝗲𝗻𝘁𝗶𝘃𝗲!
⏰ Correct answers revealed next day (see comment section).
💡Only answers from those who 𝘀𝗵𝗮𝗿𝗲𝗱 𝘁𝗵𝗲 𝗽𝗼𝘀𝘁, 𝘁𝗮𝗽𝗽𝗲𝗱 𝘁𝗵𝗲 ❤️ 𝗿𝗲𝗮𝗰𝘁𝗶𝗼𝗻, 𝗮𝗻𝗱 𝗶𝗻𝗰𝗹𝘂𝗱𝗲𝗱 𝗮𝗹𝗹 𝗵𝗮𝘀𝗵𝘁𝗮𝗴𝘀 𝘀𝘁𝗮𝘁𝗲𝗱 𝗶𝗻 𝘁𝗵𝗶𝘀 𝗽𝗼𝘀𝘁 𝗶𝗻 𝘁𝗵𝗲𝗶𝗿 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 will be counted—even if the answer is correct.